🇰🇷 South Korea 1h ago · yonhap@koreatimes.co.kr(KoreaTimes)

Kia to invest $2.2 bil. in Gwangju to build PBV mobility ecosystem by 2029

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Kia to invest $2.2 bil. in Gwangju to build PBV mobility ecosystem by 2029
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Kia Corp. said Friday it will invest 3 trillion won ($2.2 billion) through 2029 in the southwestern city of Gwangju to establish an ecosystem for purpose-built vehicles (PBVs). The Korean automaker signed a memorandum of understanding with Jeonnam-Gwangju Special Metropolitan City, Chonnam National University, and the Gwangju Institute of Science and Technology (GIST) at its AutoLand plant in Gwangju, about 270 kilometers south of Seoul. Under the agreement, the partners will cooperate in develo

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