Head Topics

Korean EV Startup Acquires SsangYong Motor | CarGuide.PH | Philippine Car News, Car Reviews, Car Prices

  • 📰 carguideph
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Philippines Headlines News

Philippines Latest News,Philippines Headlines

Edison Motors has acquired SsangYong Motor. SsangYong CarGuidePH

Edison Motors was established only in 2015. However, they have ambitions to turn SsangYong in just three to five years. The plan is focused on transforming the South Korean SUV specialist into an EV-focused carmaker. This was revealed by Edison Motors’ Chairman Kang Young-kwon.

Aside from Edison Motors, the consortium also includes Seoul-based Keystone Private Equity, activist fund Korea Corporate Government Improvement Fund , and Semisysco Co. Under the new structure, KCGI will have a 34 to 49 percent stake, while Edison Motors will have the rest. Coinciding with the announcement, SsangYong began taking reservations for its latest electric SUV, the Korando e-Motion .

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 16. in PH

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Review: 2022 Mazda BT-50 4x4 | CarGuide.PH | Philippine Car News, Car Reviews, Car Prices
Source: carguideph - 🏆 16. / 63 Read more »

This Is Chery Auto's New Design Language | CarGuide.PH | Philippine Car News, Car Reviews, Car Prices
Source: carguideph - 🏆 16. / 63 Read more »

Honda Is Most Searched Car Brand By Filipinos In 2021 | CarGuide.PH | Philippine Car News, Car Reviews, Car Prices
Source: carguideph - 🏆 16. / 63 Read more »

Geely's Full-Year 2021 Sales Rise, But Misses Target | CarGuide.PH | Philippine Car News, Car Reviews, Car Prices
Source: carguideph - 🏆 16. / 63 Read more »

Toyota To Launch New Service That Retrofits Cars With New Technology | CarGuide.PH | Philippine Car News, Car Reviews, Car Prices
Source: carguideph - 🏆 16. / 63 Read more »

Take A Sneak Peek At Where Geely Makes The 2022 Emgrand | CarGuide.PH | Philippine Car News, Car Reviews, Car Prices
Source: carguideph - 🏆 16. / 63 Read more »