Kia announced plans to produce and sell electric vehicles in the Mexican state of Nuevo Leon.
2 reports, 1 independent
Updated Jul 30
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What happened
Kia announced plans to produce and sell electric vehicles in the Mexican state of Nuevo Leon.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Kia invests $649m for EV3 production in Mexico, while Donald Trump signals against extending USMCA.Sub-event
Kia will begin EV production and sales in Nuevo Leon, Mexico.1 source
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The entities involved
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Kia
South Korean automobile manufacturer
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Hyundai Motor Company
South Korean multinational automaker
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- Kia and Hyundai benefit from lineup strength in North America and Europe, narrowing the sales gap between the two brands.
- Hyundai is planning production facilities for models like the Santa Fe EREV in Alabama and expanding its hybrid lineup.