Kia and Hyundai's EV Ambitions Soar with New Vehicles and Factories.

Kia has announced an all-new production facility for an upcoming commercial vehicle lineup called “purpose-built vehicles,” or PBVs. The Korean automaker will build an all-new commercial electric vehicle plant in South Korea, investing $758 million. The PBVs will be built on the all-new “eS” electric skateboard platform, and it will be produced using a “flexible production method,” allowing for easy transition between variants of the vehicle. Kia will fully launch its PBV lineup in 2025, ahead of the launch of its mass production at the new plant.