Significant Investment to Drive Local Economy
On July 12, Kia announced a major investment of over $200 million in its Georgia assembly plant, set to begin production of the all-new EV9 SUV in 2024. This strategic move will add approximately 200 new jobs at the West Point facility, which will now assemble its first electric vehicle in North America alongside its existing models. This expansion is expected to significantly boost local employment and solidify the plant’s role in Kia’s growing EV portfolio.
Meeting New Tax Credit Requirements
The decision to produce the EV9 in the U.S. aligns with new regulations that offer up to $7,500 in federal tax credits for electric vehicles manufactured domestically. By meeting this requirement, Kia not only enhances its product lineup but also positions itself to benefit from U.S. consumer incentives. This investment underscores Kia’s commitment to both innovation and economic growth in the region.