Kia will invest US $649 million to manufacture electric SUVs in Mexico

Kia's announcement is a welcome shot in the arm for Mexico's traditionally strong automotive sector that has been suffering recently from uncertainty not of its own making.

Kia to invest $649 million to bring electric car production to Mexico  Reuters

MEXICO CITY, July 29 : South Korea's Kia will produce and sell fully electric vehicles in Mexico, managing director for the company Horacio Chavez said on Wednesday. The car manufacturer will invest $649 million in Mexico, he added during President Claudia Sheinbaum's daily press conference.The electric EV3 model is cu