SsangYong & BYD enter partnership for EV battery development

The jointly-developed battery pack will be used in SsangYong's first fully electric offering, codenamed U100

South Korean carmaker, SsangYong has entered into a new partnership with Chinese EV maker BYD.

The partnership will see both companies working together towards the development of battery packs for future EVs. The jointly-developed battery pack will be used in SsangYong's first fully electric offering, codenamed U100, which is expected to go on sale in 2023. The partnership with BYD will also help SsangYong transition faster into an EV-only brand.

SsangYong is currently under court protection and is awaiting a new owner to replace Mahindra. BYD, on the other hand, is currently the fourth largest company in terms of EV sales and battery development. The Chinese brand recently entered the Indian market with its E6 MPV, which is exclusively for commercial usage.

SsangYong & BYD are expected to expand their cooperation for the development of battery packs and EV-only production platforms in the future as well.

Source: Business-Standard