SsangYong Motor Company is a South Korea–based automobile manufacturer.
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12 Facts About SsangYong Motor
2.
The name SsangYong Motor appeared in 1988, after its acquisition by the chaebol SsangYong Motor Group.
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3.
In 1964, Hadonghwan SsangYong Motor Company started building jeeps for the US Army as well as trucks and buses.
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4.
The deal was for SsangYong Motor to develop a sport utility vehicle with Mercedes-Benz technology.
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5.
SsangYong Motor further benefited from this alliance, long after Daimler-Benz stopped selling the Musso, producing a badge engineered version of the Mercedes-Benz MB100, the Istana and using Daimler designs in many other models, including the second-generation Korando, the Rexton, the Chairman H and the Kyron .
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6.
In 2015, SsangYong Motor launched the Tivoli, its first car after Mahindra acquisition.
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7.
Mahindra and SsangYong Motor increased their collaboration on engines and electric cars.
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8.
On 21 December 2020, SsangYong Motor filed for receivership after Mahindra cut funding to SsangYong due to its outstanding debt.
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9.
Ssang Yong SsangYong Motor spokesperson stated that the company owes a total of 315.
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10.
In October 2021, it was reported that SsangYong was set to be acquired by electric bus and truck maker Edison Motors which would lead to SsangYong exiting receivership.
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11.
In March 2022, SsangYong said the Edison Motors takeover was cancelled as the latter failed making acquisition payments for that month.
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12.
In December 2021, SsangYong Motor signed an agreement with the Chinese BYD Auto to co-develop battery systems for its first electric car which would be launched in 2023.
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