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Kia to Invest 3 Trillion Won to Build New EV Production Facility in Gwangju
Kia is investing 3 trillion won (approx. $2.21 billion) to build a new electric vehicle production facility at AutoLand Gwangju, transforming it into a strategic mobility hub. The investment, which runs through 2029, is part of Hyundai Motor Group's previously announced 125.2 trillion won domestic investment plan over the next five years, and will expand the Gwangju plant's production lines from internal combustion engine models to electric vehicles.
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