South Korean automaker Kia has announced plans to build its second plant in India and invest ¥320 billion to strengthen EV production and exports. The article provides no details on the specific location or timeline.
South Korean automaker Kia has announced plans to establish a second plant targeting the Indian market. The total investment is reported to be ¥320 billion, with the company aiming to expand its business through increased local production.
The new plant is expected to expand electric vehicle production capacity and establish a production base aimed not only at the Indian market but also at exports. The article provides no specific production volumes or schedule.
The development is being viewed as part of the trend in EV-related investment in India and has been reported as a matter for which official announcements and further information are awaited.