Kia Corporation announced that it will establish an all-new, high-tech smart manufacturing facility dedicated to producing electric Purpose Built Vehicles (PBVs).
The intelligent new production hub for PBVs will be located within Kia’s existing Hwaseong manufacturing site in Korea. The company plans to begin construction in the first half of 2023, with the aim to commence commercial production in the second half of 2025.
The plant will initially be able to build 100,000 PBVs a year with the capacity to increase production to 150,000 units annually in line with the growth of PBV market.
“This dedicated PBV facility is one of the major pillars of our Plan S strategy as Kia seeks to claim the top position in the global PBV market,” said Ho Sung Song, president and CEO of Kia Corporation. “We will initially explore new markets with derivative PBV models, then gradually expand our presence in global markets with dedicated PBV models featuring autonomous driving technologies.”
As part of Kia’s Plan S roadmap, the automaker aims to become a PBV leader by 2030. When combined with autonomous driving technology, PBVs are expected to offer a revolutionary new means of transportation that further enrich society and communities around the globe.
The new PBV plant will feature state-of-the-art automation processes combined with advanced technologies that reduce carbon emissions during the production processes. The site is also equipped with clean painting and energy-saving facilities to minimize environmental impacts further.