EDISON e-Bus Manuals PDF
Edison Motors & SsangYong
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Founded in 2015, Edison Motors manufactures electric buses and also develops electric trucks.
A consortium led by electric bus startup Edison Motors (also from South Korea) could buy the Korean automaker SsangYong Motor.
According to industry sources, the deal is valued at approximately $ 260 million.
At the moment, the SsangYong concern is under external control, that is, court approval is required for its sale.
The automaker and the consortium are expected to sign a final agreement by the end of November.
Recall that now the owner of the SsangYong concern is the Indian industrial conglomerate Mahindra & Mahindra, which acquired the company from the Chinese SAIC Motor in 2010.
However, the already precarious position of the Korean brand was crippled by the COVID-19 pandemic: Mahindra refused to invest in the Korean company amid its own problems.
In December 2020, SsangYong Motor filed for bankruptcy of its own because it was unable to pay $ 148 million in urgent debts.