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A view of Hyundai Motor Group’s Autoland Hwaseong plant in Ujeong-eup, Hwaseong, Gyeonggi Province. (Photo courtesy of Hyundai Motor Group) |
[Alpha Biz= Paul Lee] SEOUL, November 14 — Kia announced that it has begun establishing a purpose-built vehicle (PBV) production hub capable of producing 250,000 units annually, anchored by its new PBV-dedicated EVO Plant in Hwaseong.
The company held the completion ceremony for EVO Plant East and the groundbreaking ceremony for EVO Plant West at Autoland Hwaseong in Ujeong-eup, Hwaseong, Gyeonggi Province.
The event was attended by Prime Minister Kim Min-seok, First Vice Minister of Trade, Industry and Energy Moon Shin-hak, Gyeonggi Governor Kim Dong-yeon, Hwaseong Mayor Jeong Myeong-geun, Hyundai Motor Group Executive Chair Euisun Chung, and approximately 200 government officials and company executives.
Kia has secured a 300,375 m² site—equivalent to 42 football fields—for EVO Plant East, EVO Plant West (scheduled to begin operations in 2027), and a PBV Conversion Center. The company plans to invest around KRW 4 trillion in facilities and R&D.
Kia will also utilize approximately 105,000 pyeong of idle state-owned land within Autoland Hwaseong to build a 50 MW solar power plant, accelerating its efforts to achieve RE100 through the use of 100% renewable energy.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
