KGM Launches 1,000-Vehicle Myanmar Push
KGM has partnered with Myanmar’s largest local automotive group to raise the anchor for targeting the Southeast Asian eco-friendly vehicle market. The plan is to expand its global export territory by supplying a total of 1,000 vehicles to the Myanmar market alone this year.KGM held a brand launch ev
KGM has teamed up with Myanmar's largest local automotive group to target the Southeast Asian eco-friendly vehicle market. KGM aims to supply 1,000 vehicles to Myanmar this year. A brand launch event was held in Yangon on August 14, featuring the Torres EVX and Musso EV models. The event drew around 500 attendees, including KGM's Chairman Kwak Jae-sun and President Kwak Jeong-hyun, as well as Myanmar's SSS Group Chairman San Linn and President Salman Linn.
SSS Group, Myanmar's first private automotive company, will partner with KGM and begin local production and sales of the new electric vehicles. KGM Chairman Kwak Jae-sun highlighted the importance of design and durability, stating that vehicles should cater to practical needs in the road environment and personal business. This partnership aligns with KGM's recent surge in exports, with the company exporting 40,894 vehicles in 2021, its highest annual performance in 11 years.
Looking forward, KGM plans to expand its global KD (local assembly production) business in major hub countries, including Saudi Arabia and Vietnam, by creating strong synergy and employing market-customized strategies.
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