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Kia Corp will begin producing electric vehicles in the United States in 2024, according to reports.

Kia Corp is anticipated to begin producing electric vehicles in the United States in 2024


Kia Corp

SEOUL, Sept 20, 5:30 Am (Reuters) - Kia Corp is expected to produce electric vehicles in the United States from 2024, South Korean media Maeil Business Newspaper and TV channel SBS reported on Tuesday, citing an unidentified auto industry source.

Kia Corp was not immediately available for comment when contacted by Reuters.

The Inflation Reduction Act signed into law by U.S. President Joe Biden last month excludes Hyundai Motor Co and its affiliate Kia Corp from federal tax credits because they don't yet make EVs in North America, knocking their EV ambitions in the short term at least.

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