SsangYong Motor cancels its contract with Edison Motors

After the decision of Mahindra, the company's main shareholder, to sell its shares in SsangYong Motor Company (SYMC) – the oldest car manufacturer in Korea, the process of looking for a new strategic investor began in 2021. As a result of the tender, in January 2022, a consortium consisting of the South Korean technology company Edison Motors with the support of the Korean Development Bank was selected.