SsangYong to export 170,000 vehicles to Saudi firm by 2030

Publish September 30, 2022
auto

Seoul, Sept. 29 (BNA): SsangYong Motor Co., a South Korean SUV-focused carmaker, will export about 170,000 vehicles to a Saudi Arabian company by 2030 in the form of semi knockdown (KD) units.

In January, SsangYong Motor signed the KD supply deal with Saudi National Automobiles Manufacturing Co. (SNAM) for seven years from 2023, Yonhap reported.

SsangYong will initially provide KD units to SNAM's plant for the parts to be assembled into SsangYong's three models -- the new Rexton Sport, new Rexton Sports Khan and all-new Rexton SUVs, SsangYong said in a statement.

SNAM plans to begin the production of the SsangYong models from 2023 and aims to produce up to 30,000 units a year based on the plant's expansion.

SsangYong plans to ship KD units that will be assembled at the Saudi plant into 90,000 units of the new Rexton Sport and new Rexton Sports Khan SUVs and 79,000 units of the new Rexton SUVs in the seven years.

bna

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