Kia plans roughly 3 trillion won investment by 2029 alongside PBV mobility partnership
Kia plans to invest about 3 trillion won by 2029, centered on Autoland Gwangju, to support its transition to future vehicles. Yonhap reported that Kia signed a memorandum of understanding with Jeonnam-Gwangju authorities, Chonnam National University and GIST to cooperate on purpose-built vehicle (PBV) technology demonstrations and commercialization. Kia said the investment would support advanced manufacturing systems, autonomous-driving demonstrations and expanded electrified vehicle production.