Auto industry
Kia plans about $2.2B for its Gwangju complex through 2029
Kia says it will invest about $2.2B (₩3 trillion) at AutoLand Gwangju through 2029 to modernize production, expand electrified-vehicle output and test autonomous-driving technology. The plan was announced Nov. 6 alongside an agreement with the regional government, Chonnam National University and the Gwangju Institute of Science and Technology to trial purpose-built vehicles (PBVs), including autonomous shuttles and remote driving of a wheelchair-accessible PV5, per Kia's Korean-language release. The investment points to future electrified capacity, not additional inventory available to stores today.
Sources: Link
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