Electric SsangYong Korando E110: details, specs and on-sale date
The planned electric SsangYong Korando, which was set to arrive early in 2021, could become a victim of financial cutbacks by the South Korean brand's Indian parent company Mahindra in the wake of the coronavirus pandemic, according to media reports.
Mahindra has suffered an 88% drop in sales since coronavirus-related restrictions began to be introduced across its key markets of India and Asia. In a regulatory filing, the conglomerate stated: "After lengthy deliberation given current and projected cashflow... [Mahindra] will not be able to inject any fresh equity into [SsangYong] and has urged [it] to find alternate sources of funding."
Mahindra owns nearly 75% of SsangYong and its planned $423 million funding was key to the brand's turnaround plan, which incorporated an electric-car platform similar in concept to the Volkswagen Group's MEB setup, with an electric version of the smaller Tivoli SUV set to follow the zero-emissions Korando.
Provisionally known as the E110, the electric variant of the Korando was set to feature a 61.5kWh battery sourced from LG Chem. The company claimed a driving range of 261 miles for the car, although this figure was reached using the redundant NEDC test; real-world range should amount to around 200 miles under the newer WLTP procedure.
The electric Korando was to get a single motor generating 188bhp, making it the most powerful model in the line-up. Performance figures hadn't been released yet, although SsangYong was promising "best-in-class" acceleration and a top speed in the region of 95mph from the E110.