Major Expansion for Kia’s Georgia Facility
Kia Corp. has announced a significant $200 million investment in its Georgia manufacturing plant to launch production of its new electric SUV, the EV9. This expansion, set to begin in early 2024, will see the addition of 200 new jobs and aims to ramp up production at the facility in West Point, Georgia. The plant, currently producing popular models like the Telluride and Sorrento SUVs, will also see a boost in its annual output, which stands at 340,000 vehicles.
Impact on Local Economy and Industry
The EV9, anticipated to be a game-changer for Kia, is expected to mirror the success of the Telluride, which significantly boosted the brand’s sales upon its debut in 2019. As Kia ramps up its electric vehicle offerings, it aligns with Hyundai Motor Group’s broader push into the EV market, which includes substantial investments in nearby facilities. Despite challenges related to federal tax credits for electric vehicles, Georgia continues to be a focal point in the electric vehicle industry, benefiting from significant investments and job creation in the sector.
The investment will be complemented by state-supported worker training programs, with Kia potentially receiving up to $1.75 million in state tax credits. This move reinforces Georgia’s position as a key player in the electric vehicle boom, with numerous projects fueling economic growth and job opportunities across the state.