KG Mobility expands its strategic alliance with global electric vehicle leader, BYD, to develop next-generation hybrid systems and produce battery packs in Korea, a significant step towards a greener future.
KG Mobility’s Eco-friendly Vision Gains Momentum
Keeping pace with the growing demand for eco-friendly vehicles, KG Mobility has taken a giant leap in this direction by partnering with BYD, one of the global leaders in electric vehicles. This robust strategic partnership is set to revamp the future of hybrid and electric vehicles, marking a new era of sustainable transportation.
Strategic Partnership to Spearhead Hybrid Revolution
A ceremony was held at the BYD Group headquarters in Shenzhen, China, to commemorate this historic alliance. The event was graced by prominent figures from both companies, including KG Mobility’s Chairman and CEO, Kwak Jae-sun and Jeong Yong-won, as well as BYD Group Chairman Wang Chan-fu. This groundbreaking agreement is a testament to the shared vision for a sustainable future, paving the way for innovative hybrid systems.
Chairman Kwak Jae-seon of KG Mobility said: “KG Mobility embarked on a journey of change and development as a mobility company by changing its name last March. We started with the launch of the Torres EVX, aimed at providing safe, affordable, high-performance electric vehicles meeting the needs of our customers.”
He added: “We anticipate that this expanded cooperation with BYD will strengthen our electric vehicle lineup, including the Torres EVX, KR10, and F100, while reorganizing our product range to focus on eco-friendly vehicles. This includes introducing a dedicated electric vehicle platform and launching hybrid products.”
Furthermore, Chairman Jae-seon Kwak said: “KG Mobility’s development direction is evident in the recently released Torres EVX. We received an excellent response from domestic electric vehicle consumers by offering a 10-year, 1 million km battery warranty, the highest in the world.
“We are committed to delivering the utmost safety and assurance to our customers through the application of battery packs produced by KG Mobility in the future,” he continued.
KG Mobility CEO Jeong Yong-won said: “By expanding the line-up of eco-friendly vehicles through cooperation with BYD for the joint development of next-generation hybrids, KG Mobility has laid a strong foundation for more stable growth.”
The Future of Hybrid Vehicles
The partnership entails the manufacturing of battery packs in Korea, destined for integration with the highly successful Torres EVX and the forthcoming BEV pick-up, set for mass production in late 2024. This close technical collaboration with BYD, with its acclaimed expertise in electric vehicle battery cells and packs, ensures KG Mobility’s trajectory towards sustainable growth.
Dedicated to Next-Generation Growth
KG Mobility reaffirms its commitment to the evolution of electric vehicles, a crucial part of the company’s growth strategy. This partnership will bolster their product lineup and focus on eco-friendly vehicles, including the introduction of a dedicated electric vehicle platform and hybrid products.
Preparing for a Greener Tomorrow
KG Mobility’s dedication to change and innovation culminates in their cutting-edge products designed to meet customer needs. The company’s expanded cooperation with BYD is expected to strengthen their electric vehicle lineup, which includes the Torres EVX, KR10, and F100, while reorganizing their product range to focus on eco-friendly vehicles.
Delivering the Best to Customers
Chairman Kwak Jae-seon of KG Mobility reiterates the company’s commitment to ensuring customer safety with a high priority on the quality of their products. The use of battery packs produced by KG Mobility is a promise of reliability and trust.
