Kia Invests 21 Trillion Won to Establish Korea's First PBV Electric Vehicle Dedicated Factory

[Asia Economy Reporter Hwang Yoon-joo] Kia announced on the 18th that it will invest 21 trillion won to establish a dedicated production line for future vehicles (PBV) development at AutoLand Hwaseong.

The factory size is approximately 20,000 pyeong, and the production capacity is being reviewed at 100,000 units per year. Considering market conditions, an additional expansion of 50,000 units is expected to be possible. The mass production target is the second half of 2025.