Kia to Produce Hybrid Cars at Hyundai's Georgia Factory From Next Year
Monday, March 31st, 2025
South Korea's Kia Corp (000270.KS), opens new tab plans to produce hybrid vehicles at its affiliate Hyundai Motor's (005380.KS), opens new tab new U.S. factory starting in mid-2026 as it seeks to meet growing demand, Kia's chief executive said without disclosing the models.
Hyundai - the world's No. 3 automaker when including Kia Motors, in which it owns a 35% stake - broke ground for an all-electric car factory in the state of Georgia in 2022 under former President Joe Biden's administration, which promoted EV-friendly policies.
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