[Featured Stock] Kia Jumps 13% on News of 5 Million Vehicles Produced at Georgia Plant in U.S.

On the news that its overseas subsidiary has reached a cumulative production of 5 million vehicles, Kia’s share price is showing strong gains of over 13%.

As of 10:15 a.m. on the 25th, Kia is trading at 197,300 won, up 13.39% (23,300 won) from the previous trading day.

It is analyzed that investor sentiment was boosted after Kia’s Georgia subsidiary announced on the 24th (local time) that it had achieved cumulative production of 5 million vehicles. The Georgia plant, built in 2009 as Kia’s third global production base following China and Europe, has served as a key hub for targeting the U.S. market.

At this plant, which has an annual production capacity of around 340,000 units, Kia has produced the Telluride, a North America-only sport utility vehicle (SUV), as well as the Sorento, K5, and Santa Fe.

The 5 millionth commemorative vehicle is the All New Telluride hybrid model, the first hybrid vehicle produced in the state of Georgia.