Kia is investing US$649 million to start producing electric vehicles in Mexico, according to reports from Channel NewsAsia and Free Malaysia Today. The EV3 model, which is currently manufactured in South Korea, will shift to Kia’s production facilities in the Mexican state of Nuevo Leon. Free Malaysia Today reports that production is set to begin at Kia’s plant there on Aug 4. The outlets describe the planned investment as part of Kia’s effort to expand electric vehicle manufacturing capacity in Mexico. While the reporting focuses on the EV3 and the timeline for the Nuevo Leon plant, both sources align on the investment amount and the location of the new production. The reports do not provide additional details on production volumes, workforce plans, or whether the investment covers specific capacity expansions beyond the start of EV3 manufacturing.
Kia to invest US$649 million to produce EVs in Mexico
Kia is investing US$649 million to start producing electric vehicles in Mexico, according to reports from Channel NewsAsia and Free Malaysia Today. The EV3 model, which is currently manufactured in So...
- Kia plans to invest US$649 million for electric vehicle production in Mexico.
- The investment is linked to Kia’s production of the EV3 model.
- The EV3 is currently manufactured in South Korea.
- Kia’s new EV production is set to take place at its plant in Nuevo Leon, Mexico.
- Production is reported to begin on Aug 4.
The EV3 model is currently manufactured in South Korea, but production will begin at Kia's plant in the Mexican state of Nuevo Leon, starting Aug 4.
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