South Korean sport utility vehicle (SUV) specialist SsangYong Motor on Monday was reported to have said it had agreed to supply Russia’s Severstal-Avto with 1.32 trillion won ($US1.38bn) worth of vehicle component kits.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Ssangyong, owned by China’s Shanghai Automotive Industry Corp., said in a filing to the Korea Exchange cited by Reuters that it would sell partially-completed car kits for its Kyron and Actyon SUVs to Severstal-Avto from 2007 to 2011.


Ssangyong reportedly will deliver up to 7,000 units next year, 15,000 vehicles in 2008 and 17,000 in 2009. It will deliver 20,000 in 2010 and 2011, respectively.


Reuters said the company targets an expansion of its market share to around 10% in Russia’s imported SUV market via the deal.


Last year, Ssangyong sold 1,569 SUVs taking a share of 1.14% of Russia’s imported SUV market, a company spokesman told the news agency.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Last week Severstal-Avto signed an agreement with Ssangyong to assemble the Kyron from March 2007, the report said.


Reuters noted that Severstal-Avto already produces Ssangyong’s Rexton SUV and plans to produce 20,000 Kyron at its plant in the oil-rich republic of Tatarstan next year, amid strong demand for off-road vehicles in Russia.