KG Mobility enters Myanmar market through SSS Group partnership

South Korean automobile manufacturer KG Mobility (KGM) has ventured into the Myanmar market through a collaboration with Super Seven Stars (SSS) Group. This partnership will see the local production and sale of two electric vehicle (EV) models, the Torres EVX and Musso EV, by SSS Group, recognized as Myanmar's inaugural private automobile company.

KGM aims to supply 1,000 vehicles to Myanmar's market this year under this agreement. The company's Chairman, Jae-Sun Kwak, highlighted Myanmar's burgeoning automotive industry and the preference for practicality, durability, and design in vehicles, particularly considering road conditions, family travel, and personal business needs.

SSS Group, established in the early 2000s, extends its operations into EV charging infrastructure, among other ventures such as food, logistics, and agriculture. KGM's exports reached a cumulative total of 40,894 vehicles by the end of July, marking its highest annual performance in over a decade. The Myanmar partnership follows KGM's receipt of a $75 million investment from Chery Automobile in October 2024, aimed at strengthening their strategic alliance in new vehicle development and electrified powertrain technology.

This collaboration originated with a licensing agreement in October 2024, enabling KGM to utilize Chery's platforms for product development, and a memorandum of understanding signed in December 2023 for joint battery pack technology development.