KG Mobility partners with Saudi Arabia's SNAM to assemble electric vehicles = South Korean report

KG Mobility (formerly SsangYong Motors) is assembling the electric vehicle (EV) sports utility vehicle (SUV) "Torres EVX" with Saudi Arabia's state-owned automaker SNAM.
announced that it has signed a contract for the Prior to this, the company announced that it would sell SNAM and internal combustion engine pickup trucks, the Rexton Sport & Kern, and the Rexton New Ali.
The company had a contract to assemble "Na". With this contract, we have decided to outsource the assembly of EVs to SNAM. The company is engaged in a knockdown (KD) assembly business with SNAM.
In 2019 and 2020, the company signed product licensing agreements (PLAs), and last year it signed a KD assembly agreement (PSA). Production scale is mass production
In the seven years since its launch, approximately 90,000 units of ``Rexton Sports & Kern'' and 70,000 units of ``Rexton New Arena'' have been sold, totaling approximately 169,000 units.
Kwak Jae-sung, chairman of KG Mobility, said, ``Active cooperation with SNAM will help us build an EV production and sales network in Saudi Arabia.''
Of course, this will be an opportunity for us to build a foothold for our subsequent expansion into the EV market in the Middle East."