South Korean carmaker KG Mobility (KGM) has entered the Myanmar market through a partnership with Super Seven Stars (SSS) Group, launching an electric vehicle (EV) line-up locally.
Under the arrangement, SSS Group – described as Myanmar's "first private" automobile company – will handle local production and sales of two models, the Torres EVX and Musso EV.
According to a translated version of the statement, KGM has set a target of supplying 1,000 vehicles to the Myanmar market over the course of this year through the tie-up.
The Myanmar launch represents the initial step in KGM's broader push into knock-down (KD) operations, a strategy the company intends to roll out in further markets, including Saudi Arabia and Vietnam, in the period ahead.
KGM Chairman Jae-Sun Kwak said: "Myanmar is a growing market with a developing automotive industry, and customers place the utmost importance on practicality and durability, along with automotive design, taking into account road conditions, family travel, and personal business situations.
#market #group #south
Under the arrangement, SSS Group – described as Myanmar's "first private" automobile company – will handle local production and sales of two models, the Torres EVX and Musso EV.
According to a translated version of the statement, KGM has set a target of supplying 1,000 vehicles to the Myanmar market over the course of this year through the tie-up.
The Myanmar launch represents the initial step in KGM's broader push into knock-down (KD) operations, a strategy the company intends to roll out in further markets, including Saudi Arabia and Vietnam, in the period ahead.
KGM Chairman Jae-Sun Kwak said: "Myanmar is a growing market with a developing automotive industry, and customers place the utmost importance on practicality and durability, along with automotive design, taking into account road conditions, family travel, and personal business situations.
#market #group #south
6 days ago
