South Korean automaker Kia has announced a significant investment in Mexico, marking a major expansion of its presence in the region. The company plans to establish a new electric vehicle (EV) manufacturing plant in the country, with a substantial investment of $649 million. This move is expected to create hundreds of new jobs and further solidify Kia's position in the growing global EV market. With Mexico's competitive labor costs and favorable business environment, Kia's decision to invest in the country is seen as a strategic move to tap into the increasing demand for eco-friendly vehicles in North America.
Kia to make and sell electric vehicle in Mexico, invest $649 million Reuters
