SsangYong Motor Company has indicated that a name change to KG Mobility indicates a “paradigm shift” in the business which will bring a greater focus on electric vehicles (EV), autonomous cars and artificial intelligence (AI).

The shift was confirmed in a shareholders meeting held at the company’s headquarters in Pyeongtaek today (March 23), five months after Mahindra and Mahindra’s controlling stake in the Korean OEM was acquired by the KG Group – ending a turbulent period for the business.

KG Mobility said it now plans to focus on new mobility technologies such as EV-dedicated platforms, software defined vehicles (SDV), autonomous vehicles and AI “in line with the paradigm shift”.

A spokesperson for KG Mobility said: “We have changed our name after 35-years and have taken the first step towards change and development into a future mobility company.

“By focusing on the design and development of future vehicles utilising new technologies such as EV-dedicated platforms, software-defined vehicles, autonomous vehicles and AI etc., the company is really embracing change, and we will grow and develop as a proud and respected future automotive mobility partner.”