KGM, formerly known as SsangYong, has introduced an attractive finance offer for its latest electric vehicle, the Torres EVX, making it more accessible to consumers interested in transitioning to electric driving. The offer, available until 31 March 2025, allows customers to acquire the all-electric SUV with a monthly payment starting at just £349, under a 0% APR PCP (Personal Contract Purchase) and HP (Hire Purchase) finance scheme. This finance option is contingent upon a minimum deposit of 20% and spans a term of up to 36 months. As a car brand, SsangYong feels like it has always been there – but has never picked up significant market share in the UK. Will that change as the world electrifies?
The Torres EVX is designed to offer the spaciousness and flexibility associated with SUVs, coupled with advanced electric technology. It features a 73.4kWh lithium iron phosphate battery that supports an impressive driving range of up to 287 miles (WLTP). Additionally, the vehicle can be rapidly charged from 10% to 80% in just 28 minutes using a 350kW charger. With 1,662 litres of load space, a premium interior, and advanced safety and connectivity features, the Torres EVX is positioned as a competitive option in the electric vehicle market.
The vehicle also comes with a comprehensive 7-year/90,000-mile warranty, alongside a 1 million km warranty on the battery, offering substantial peace of mind to prospective buyers.
A Personal Contract Purchase (PCP) is a popular vehicle finance option that allows buyers to pay for a car in instalments over a fixed period. Typically, this involves a deposit followed by lower monthly payments. At the end of the contract, the buyer can choose to return the vehicle, keep it by paying a final ‘balloon' payment to own the car outright, or trade it in, using any value above the guaranteed future value as a deposit on a new vehicle. This flexibility makes PCP a popular choice among those who prefer lower monthly payments and like to change cars frequently.
Kevin Griffin, the Managing Director at KGM Motors UK, commented on the launch: “The Torres EVX integrates exceptional capability and the latest in electric vehicle technology. This new finance offer, with zero percent APR, positions it as a highly attractive option for those looking to transition to an electric vehicle. Our aim is to make our flagship EV accessible to a wider audience.”
The Torres EVX is built on a versatile platform that accommodates multiple powertrains, reflecting KGM Motors’ 70-year legacy in SUV and 4×4 development, merged with contemporary EV technology. Notable features include a 3-in-1 EV motor system, BYD blade battery, an integrated power conversion module, and a ‘shift-by-wire' system for seamless gear transitions. We've seen this kind of multiple powertrain production model working well for Stellantis in Madrid, where the powertrain-related parts of a car are produced separately from the body/trim – and they are only ‘married' near the end of the process. It's certainly flexible and can allow car companies to produce petrol, hybrid and EV versions of a car – on the same line at the same time.
It's unclear, at this time, if the battery is the only thing being supplied by BYD.
The interior boasts dual 12.3-inch digital displays, Apple CarPlay, Android Auto compatibility, Bluetooth, DAB radio, TomTom navigation, and a wireless phone charging facility. Safety is enhanced with a 3D 360˚ ‘surround view' monitoring system, which assists in parking and manoeuvring in tight spaces.
This finance offer reflects KGM Motors UK’s effort to simplify the process of acquiring electric vehicles, providing customers with cost-effective and flexible options to embrace future mobility solutions. Interested customers are encouraged to book a test drive through the company’s website to experience the Torres EVX first hand.
KGM Motors has a long history, having been established in 1954 in Korea, and is known for its robust and reliable vehicles, including 4x4s, SUVs, MPVs, and pick-up trucks. The company has recently invested in a new factory designed specifically to accommodate the production of electric vehicles, demonstrating its commitment to the EV market.
In the UK, KGM Motors is represented by Bassadone Automotive Group, which took over the distribution rights in 2011. Since then, KGM UK Motors Limited has undergone significant changes, including new management and a strategic focus on expanding its dealer network, which now includes 80 locations across the country. This network ensures that KGM Motors can offer a comprehensive range of vehicles with competitive pricing and specifications to the UK market.
If you want to have an EV that stands out on the road, then checking out a new brand like KGM makes sense. Test drive requests are handled here.
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