Skip to site menu Skip to page content

Daily Newsletter

03 June 2024

Daily Newsletter

03 June 2024

Kia launches BEV production in US

The investment created 200 new jobs

Graeme Roberts June 03 2024

Kia said it had begun commercial production of its first battery electric vehicle (BEV) in the US at its existing plant in West Point, Georgia.

Executives including president and CEO of Kia’s operations in the Americas SeungKyu Yoon and Kia Georgia’s vice president of production James Watson, along with Georgia governor Brian Kemp, gathered at the plant to celebrate the start of production of the 2025 EV9 three row SUV.

Kia said it invested US$200m to expand capacity and to add the “flexibility to assemble both EVs and the company’s traditional products on the same assembly line”.

The investment also created 200 new jobs.

Kia sold 320,531 vehicles in the US in the first five months of 2024, down slightly from 323,838 in the same period of last year, with the Sportage SUV its most popular model with 66,537 sales, followed by the Forte sedan with 59,115 units and the Telluride SUV with 44,842 units.

In terms of BEVs, the company sold 8,770 EV6 and 7,766 EV9 models year to date, all imported from South Korea.

The Georgia plant, completed in 2009, has capacity for 340,000 units per year and currently produces the Telluride, Sorento and Sportage SUVs.

Kia would also benefit from the start of production of Hyundai Motor Group’s new Metaplant is scheduled to be completed later this year in Savannah, also in Georgia, to produce BEVs and plug in hybrids to be sold in North America under the Hyundai, Genesis and Kia brands.

Yoon said: “[The] launch of the EV9 in Georgia is the latest example of [our] commitment to the US market and the state of Georgia."

Electric Vehicles (EV) Market Overview

Per GlobalData's latest report, the EV market volume was 24.8 million units in 2023 and is expected to grow at a CAGR of >10% by 2031. Rising environmental concerns and consumer preferences for clean mobility coupled with supportive government policies to promote the usage of eco-friendly transportation are expected to significantly boost the adoption of EVs.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close