Kia announces $1 billion investment in a new manufacturing plant in Mexico

Article by Christian A., on August 28, 2014

Kia officially announced that it will invest around $1 billion in a new, highly automated plant located in Mexico. According to the official press release, the plant will be situated on a 500 hectare or 53.8 million square foot site and till help the company to boost its global manufacturing capacity to 3.37 million vehicles.

Moreover, the car manufacturer announced a new range of compact models that will be produced at the Mexico plant, located the northeastern state of Nuevo León. An investment agreement with the government of Mexico was signed at the Technological Museum of the Electricity Federal Commission (MUTEC) in Mexico City.

The event saw a delegation of key executives from Kia Motors, led by Hyoung-Keun Lee, Vice Chairman of Kia Motors Corp., and a host of Mexican government dignitaries including Enrique Peña Nieto, President of Mexico, and Rodrigo Medina de la Cruz, Governor of the State of Nuevo León.

Kia said that it will start building the plant in late September and it will finish it in the first half of 2016. Around 300,000 vehicles will leave the plant every year, at least according to the initial plans. With the new plant, Kia expects to get rid of the current global supply issues thanks to the strategic location.

Hyoung-Keun (Hank) Lee, Vice Chairman of Kia Motors Corp., said, "All of us at Kia Motors are proud to signal in a new era for the brand with the announcement of our first manufacturing plant in Mexico. We are committed to producing world-class quality vehicles here in Mexico that feature industry-leading styling and high-tech convenience and safety features that customers have come to expect from Kia, while making significant contributions to both the economic growth of the State of Nuevo León and the future development of the Mexican automotive industry." [source: Kia]

Topics: kia, mexico, investment

If you liked the article, share on:

Comments

Recommended

The 2018 Cadillac CTS-V sedan will be getting a new paint job that will give it a unique icy feel. Dubbed the Glacier Metallic Edition, this special model was built...
by - August 23, 2017
During the North American International Auto Show at Detroit in 2015, Hyundai introduced a concept pickup truck they named the Santa Cruz. This model took home the Concept Truck of...
by - August 23, 2017
Porsche introduces the technologically advanced wheels with braided carbon fiber. These will be initially available on the 911 Turbo S Exclusive Series. Being the first car manufacturer to offer such...
by - August 23, 2017
All eyes were turned to the fuchsia pink bespoke McLaren 720S MSO at the 2017 Pebble Beach Concours d’Elegance Sunday. Surely, we can understand why. The one-off supercar, which was...
by - August 23, 2017
Hyundai Motor Group – including both Hyundai Motor and Kia Motors – has disclosed a wide-ranging plan to introduce 31 environment-friendly models in a new development roadmap that aims to...
by - August 22, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries