Kia Gwangmyeong EVO Plant Opens to Significantly Expand EV Production

Core Insights - Kia has inaugurated the Kia Gwangmyeong EVO Plant, marking Hyundai Motor Group's first dedicated electric vehicle (EV) manufacturing facility, aimed at enhancing its EV production capabilities [1][2]. Group 1: Facility Overview - The Kia Gwangmyeong EVO Plant is located at Kia Autoland Gwangmyeong and has an annual production capacity of 150,000 units, starting with the Kia EV3 and followed by the EV4 in 2025 [2][5]. - The facility represents a transformation from a previous internal combustion engine (ICE) vehicle plant, emphasizing Kia's commitment to sustainable manufacturing and mobility goals [1][4]. Group 2: Investment and Development - The total investment in the Gwangmyeong EVO Plant amounts to KRW 401.6 billion, covering approximately 60,000 square meters [5]. - The plant has undergone a year-long transformation from its original purpose of producing small ICE vehicles, showcasing Kia's strategic shift towards next-generation vehicle production [6]. Group 3: Strategic Goals and Leadership - Kia aims to lead innovation in the EV market and fulfill its responsibilities in delivering sustainable mobility solutions, as stated by Jun Young Choi, Executive Vice President at Kia [4]. - The establishment of the plant is expected to position Gwangmyeong City as a center for the EV industry in Korea, promoting local economic development and job creation [5].