Last year, South Korean brand SsangYong Motor nearly went bankrupt but was bailed out in September by local KG group, which bought a large stake in the ailing automaker. At a trade fair in Seoul, a new KG Group brand introduced the Torres EVX electric crossover, which is planned to be offered on the South Korean market, taking into account state subsidies, at a price of $ 30,700.
How did you find out Bloomberg, the new-brand electric crossover will use lithium-iron-phosphate (LFP) batteries supplied by Chinese company BYD, although the latter will not be KG Mobility’s sole supplier of traction batteries. Without recharging, according to various sources, such a crossover can travel 440-500 km. The battery capacity will not exceed 61.5 kWh for the basic version. The model also boasts a spacious trunk of 709 liters, although the method of measuring its volume is not specified. The cost of $30,700 in the home market is achieved by providing subsidies, so the Torres EVX crossover will be more expensive in other countries.
The car will also be offered in a petrol version, but the electric variant will get other equipment such as two displays on the front panel with a touch surface, as well as a different front end design with narrower LED optics and a different bumper design. According to Bloomberg, the new owners of this company are confident that the long-suffering automaker can avoid another impending bankruptcy. According to company representatives, the presence of an LFP battery increases the attractiveness of the crossover in the eyes of a young audience, which is often afraid of the possibility of self-ignition of traction batteries with a different chemical composition. In addition to the Torres EVX, KG Mobility presented three new models in Seoul. It is noteworthy that in the second half of this year the crossover will go on sale not only in South Korea, but also in Europe.