Kia Corp to produce electric vehicles in the US from 2024: reports
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
KIA Corp is expected to produce electric vehicles in the United States from 2024, South Korean media Maeil Business Newspaper and TV channel SBS reported on Tuesday, citing an unidentified auto industry source.
Kia Corp was not immediately available for comment when contacted by Reuters.
The Inflation Reduction Act signed into law by US President Joe Biden last month excludes Hyundai Motor and its affiliate Kia Corp from federal tax credits because they don't yet make EVs in North America, knocking their EV ambitions in the short term at least. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
