Photo: Kia
There has been no shortage of news this year regarding automakers opening up shop in Mexico in the near future, and now it looks like Kia is ready to join this list. After numerous reports of the South Korean automaker expanding its global production capacity into Mexico, Automotive News has some new details regarding the impending assembly plant.
For starters, the new facility would represent an investment from Kia totaling at least $1.5 billion, and it would have an annual capacity of around 300,000 units. There is no word as to what vehicles Kia might produce there, but the report suggests it would initially build two different models most likely being small cars. Other automakers looking to begin production in Mexico include Honda, Mazda and BMW.
Expected to be located in Nuevo Leon, this new North American plant would help meet the increased demand for Kia products in the U.S., and on a bigger scale, the deal could help create bilateral trade talks between Mexico and South Korea. Official news on this deal could be announced within the next couple of weeks.
Based on all the recent news of automakers opening Mexican production plants, it’s no surprise that Mexico is poised to become the top auto-producing nation in Latin American. Previously, that honor belonged to Brazil, but a recent report showed that, as of May, Mexico had edged its way ahead of Brazil to become the seventh largest auto producers in the world.
Expected to be located in Nuevo Leon, this new North American plant would help meet the increased demand for Kia products in the U.S., and on a bigger scale, the deal could help create bilateral trade talks between Mexico and South Korea. Official news on this deal could be announced within the next couple of weeks.
Based on all the recent news of automakers opening Mexican production plants, it’s no surprise that Mexico is poised to become the top auto-producing nation in Latin American. Previously, that honor belonged to Brazil, but a recent report showed that, as of May, Mexico had edged its way ahead of Brazil to become the seventh largest auto producers in the world.
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