Countdown to the start of production of Kia's first PBV factory, ushering in new electric mid-size models in 2025

According to news on October 16, South Korean automobile giant Kia Motors announced an ambitious plan to build a second PBV factory in South Korea to meet the growing PBV market demand. This plan marks Kia Motors’ ambitions in the field of electric personalized customized models.

Kia Motors began construction of its first PBV factory as early as April this year. The factory is scheduled to be completed before the end of 2024 and start operations in 2025, with a total investment of up to 1 trillion won (approximately 7.416 One hundred million U.S. dollars). This factory will become the world's first dedicated PBV factory and the first pure electric vehicle factory in South Korea.

According to the editor’s understanding, the first PBV factory will be put into production of medium-sized electric models code-named SW in the second half of 2025, with an initial annual production capacity of 100,000 vehicles. With the electric personality With the continuous growth of the customized vehicle market, the annual production capacity will gradually increase to 150,000 vehicles per year. These electric models will be characterized by spacious interior space and optimized loading structure, supporting a variety of application scenarios, including express delivery, taxi services and B2B market needs.

It is reported that Kia Motors’ decision is to enhance its future business competitiveness, especially to compete in the emerging field of electric personalized customized cars. PBV is regarded as the core driver of its future business, so the company decided to expand the factory again to meet market demand. The new factory is planned to be located in the Hwaseong Production Park, 80 kilometers southwest of Seoul, the capital of South Korea. It plans to mass-produce large-scale electric PBVs code-named LW starting in 2028, further strengthening Kia Motors' position in the electric vehicle market.

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