Mexican Media Brands
Mahindra, SsangYong to Co-Develop EV Platform
India’s Mahindra & Mahindra Ltd. and its South Korean SsangYong Motor Co. affiliate say they are jointly developing a platform to carry electric SUVs that will be marketed by both brands in 2020.
#hybrid
Share
India’s Mahindra & Mahindra Ltd. and its South Korean SsangYong Motor Co. affiliate say they are jointly developing a platform to carry electric SUVs that will be marketed by both brands in 2020.
Mahindra already makes small electric cars in India, but neither company currently offers an electrified SUV.
The partners are finalizing the electric SUV chassis design now, SsangYong CEO Choi Johng-sik tells reporters in Mumbai. He concedes that EVs are a difficult sell in Korea, which lacks both a battery charging network and significant government subsidies for electric vehicles.
Separately, Choi says SsangYong hopes to finalize a decision by mid-year about whether to launch production of conventional vehicles in China. The company also hopes to reenter the Russian market after suspending exports to the country two years ago because of the prolonged market slump there.
SsangYong has said it aims to hike annual sales to 240,000 units by 2019 from a 14-year high of 155,800 units in 2016.
RELATED CONTENT
-
Study: Nearly 60% of EV Sales in 2035 Will Be in China
Global demand for electric vehicles will multiply by a factor of 15 to 11.3 million units by 2035, with the Chinese market generating 57% of the total, according to the Fuji-Keizai Group.
-
On Traffic Jams, Vehicle Size, Building EVs and more
From building electric vehicles—and training to do so—to considering traffic and its implication on drivers and vehicle size—there are plenty of considerations for people and their utilization of technology in the industry.
-
On Military Trucks, Euro Car Sales, Mazda Drops and More
Did you know Mack is making military dump trucks from commercial vehicles or that Ford tied with Daimler in Euro vehicle sales or the Mazda6 is soon to be a thing of the past or Alexa can be more readily integrated or about Honda’s new EV strategy? All that and more are found here.