Kia Celebrates Opening of Gwangmyeong EVO Plant to Expand EV Production

Author

Slice of Manufacturing Team
September 30, 2024

Key Highlights:

  • Kia Gwangmyeong EVO Plant has a 150,000-unit annual capacity, starting with EV3 production.

  • The EV4 model will begin production in 2025.

  • Investment of KRW 401.6 billion over 60,000 square meters.

  • Kia's first dedicated EV facility built on a transformed existing plant.

  • Aims to lead sustainable mobility and innovation in the EV market.

Source: PR Newswire

Notable Quotes:

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"The completion of the Kia Gwangmyeong EVO Plant solidifies Kia's first step as an EV leader following the company's brand relaunch in 2021. With the goal of providing sustainable mobility solutions, we will lead innovation in the EV market and fulfil our responsibilities in helping to deliver a sustainable future."

Jun Young Choi, Executive Vice President at Kia
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"The completion of the Kia Gwangmyeong EVO Plant will help Gwangmyeong City to establish itself at the center of the EV industry in Korea. Through this we will strive to promote sustainable development of the local economy and create more jobs."

Seung Won Park, Mayor at Gwangmyeong City

Our Take:

The opening of Kia's Gwangmyeong EVO Plant marks a critical advancement for the company’s strategy to dominate the electric vehicle market. The facility’s transformation from internal combustion engine vehicle production to a dedicated EV hub reflects Kia's commitment to evolving with market demands and contributing to a sustainable future. This major investment not only strengthens Kia’s production capabilities but also boosts the local economy and highlights Gwangmyeong City's emerging role in the EV industry. As global demand for electric vehicles continues to rise, Kia’s aggressive moves position it strongly in the competitive EV landscape.