SsangYong’s takeover clears path ‘to overtake Tesla’

The Seoul Bankruptcy Court has approved the takeover of carmaker SsangYong by fellow-South Korean Edison Motors, an electric bus and truck startup willing to pay 304,8 billion won (€224,8 million). Edison Motors’ sky-high ambition is to make SsangYong a fully electric carmaker and ‘overtake Tesla’ in sales in less than ten years. According to local
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