Kia to invest $200M in Georgia plant to build EV9 SUV

News Summary

  • SK Innovation has also opened a $2.6 billion battery plant in Georgia to produce batteries for Ford.Kia said it will add about 200 jobs to build the technology-packed, three-row SUV, as well as four other models.
  • Assembly on the continent is required for vehicles to be eligible for up to $7,500 under the Inflation Reduction Act (IRA) signed in August 2022.Hyundai Motor Group, which owns Kia, is also working with battery manufacturer SK On to build a new battery-manufacturing plant in the state.
  • The EV9’s infotainment and software suite enables over-the-air updates for nearly every function on the car, which is a first for Kia.Battery sourcing guidance might slash EV tax credits
  • Kia plans to release 15 new EV models by 2027.When Kia first revealed its EV9 SUV in March, it was clear that the car was perfect for a North American market.
  • The EV9 will be Kia’s first EV to be assembled in the U.S.The move is in line with Kia’s latest push to increase EV sales and hit $122 billion in gross revenue by 2030.
  • That’s backed by a $24 billion investment into the automaker’s electrification strategy that aims to see Kia sell 1 million EVs by 2026.
South Korean automaker Kia said Wednesday it plans to invest over $200 million in its assembly plant in Georgia, where it will begin production of the electric EV9 SUV next year.The news comes as f [+1666 chars]