BYD has has entered a hybrid system agreement with Korean car manufacturer KG Mobility (KGM).
KGM specialise in manufacturing 4x4s, SUVs, MPVs and pick-up trucks and have partnered with the electric vehicle (EV) leader as part of their announcement on the launch of the Torres EVX.
This agreement will see battery packs produced in Korea integrated into the Torres EVX and KGM’s new BEV pick-up, which is scheduled for mass production in the second half of 2024.
KGM’s 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.”
Before the agreement, researchers from both companies had already begun joint development of hybrid system with plans to expand its lineup, starting with a Torres-based hybrid model in 2025.
Additionally, there are plans to concurrently develop plug-in hybrids. In this regard, a restructuring of the research institute was recently completed to bolster electric vehicle development capabilities and ensure success in hybrid development.
Chairman Kwak Jae-seon of KG Mobility said:
“We anticipate that this expanded co-operation with BYD will strengthen our electric vehicle lineup, including the Torres EVX, KR10, and F100, while re-organising our product range to focus on eco-friendly vehicles. This includes introducing a dedicated electric vehicle platform and launching hybrid products.”