Kia to invest US$649mil to start EV production in Mexico

MEXICO CITY : South Korea’s Kia will produce and sell fully electric vehicles (EVs) in Mexico, managing director for the company Horacio Chavez said on Wednesday. The car manufacturer will invest US$649 million in Mexico, he added during president Claudia Sheinbaum’s daily press conference.

The electric EV3 model is currently manufactured in South Korea, but starting Aug 4, production will begin at a Kia plant in the Mexican state of Nuevo Leon, economy minister Marcelo Ebrard said.

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