Kia to Begin EV Production in the U.S. in 2024: Report
Kia is set to produce electric vehicles (EVs) in the U.S. starting in 2024, as reported by two South Korean news sources on Tuesday (via Reuters).
The news was reported by South Korean publication Maeil Business Newspaper and the TV channel SBS, citing an industry source who remained unnamed.
Kia didn’t respond to public comment on the matter.
The news comes just months after U.S. President Joe Biden signed the Inflation Reduction Act into law, which renders Kia, parent company Hyundai and other automakers ineligible for EV tax credits due to their production being outside North America.
In May, the Kia EV6 and the Hyundai IONIQ 5 faced recalls, due to issues that could cause them to roll off when parked.
Auto publication Car and Driver awarded the EV of the year to Hyundai’s IONIQ 5, an electric crossover that’s quite similar to the Kia EV6.
In May, reports showed that Hyundai is set to invest $7 billion into a new EV plant in Georgia.