Kia to Сommence Сar Production in Kazakhstan

Kia to Сommence Сar Production in Kazakhstan
Kia plant in Žilina, Slovakia (Photo: Reuters)

South Korean company Kia has commenced constructing a full-cycle plant to produce its cars in Kostanai city of Kazakhstan, reported on Saturday.

The new plant is expected to produce 70,000 cars annually and aims to create 1,500 high-paying jobs. Initially, the plant will focus on manufacturing three models: Sorento, Sportage, and Cerato. In the subsequent stage, production of the complete line of Kia brand vehicles will be initiated. The project will receive approximately $250 million in foreign investment.

According to the report, Kia is venturing into its first-ever direct investment in a joint venture and plant construction outside South Korea. The construction process will conclude in 2024, followed by equipment installation.

The plant is scheduled for a trial run in the first quarter of 2025, with full-scale production commencing in the second quarter.