South Korean SUV and pickup maker, known as SsangYong until March 2023 and sold as "KGM" or "KGM SsangYong" in export markets. The company traces to 1954 and has had four owners since 1997; KG Group has held a majority stake since 2022.
The KGM Torres is a mid-size SUV built at KG Mobility's Pyeongtaek plant, sold as a 1.5-litre turbo petrol, a hybrid, and as the battery-electric Torres EVX with a BYD-sourced LFP battery. It is the car that pulled the company out of its second receivership after the 2022 KG Group takeover.
Models on this page are sold in South Korea, Europe, UK and Australia.
| Model | Price from | Market | Body | Powertrain | Status |
|---|---|---|---|---|---|
| Torres | ₩29,050,000(~$20,975) | South KoreaSep 2026 | SUV | ICE · HEV · EV | On Sale |
Starting prices in the market each car is sold in, on the date shown. USD figures are approximate conversions.
KG Mobility traces back to Ha Dong-hwan Motor Workshop, founded in 1954, and took the SsangYong name in 1988. Since then it has changed hands four times: Daewoo Motors bought control in 1997 and sold it again in 2000, China’s SAIC took 51 percent in late 2004 and walked away when the company entered receivership in January 2009, India’s Mahindra completed a $463.6 million purchase in February 2011 and stopped funding it in December 2020, and South Korea’s KG Group bought a 61 percent stake out of a second receivership in 2022. The company was renamed KG Mobility in March 2023; KG ETS, a KG Group affiliate, holds 58.84 percent today.
Everything KG Mobility builds comes out of its Pyeongtaek plant, the company’s only factory, which accounts for roughly 3 percent of South Korea’s total car production. The current lineup runs the Torres and Torres EVX, the Actyon, the Musso pickup and the Rexton, sold in South Korea and exported to the UK, continental Europe, Australia and other markets outside Japan and North America. The KGM badge covers most of that export footprint; Australia and Turkey are the two markets where cars are still sold as SsangYong.
