SsangYong receives three bids for stake sale, looks to get investor on board by November

According to sources, three companies which submitted bids by the deadline day yesterday, were a Korean consortium led by Edison Motors, a consortium led by Korean EV company EL B&T and US based EV company Indi EV. Korea based SM Group and US based Cardinal One Motors did not submit any bid to take over the ownership of SsangYong.

from Auto-Industry-Economic Times https://ift.tt/3ExTEAD