Kia Investment in Arrival Bears Fruit with Microfactory Van Plan
South Korea is the world's fifth-largest automobile manufacturer. Kia Motors is a well-known automobile company in South Korea. The company was founded in 1957. However, they initially manufactured small Honda-licensed motorcycles. Five years later, they started producing small Mazda licensed trucks. That's how Kia produced its first car in 1974.
Today, through MotorGuide Weekly News, we are telling you about Kia Investment coming with a micro factory van plan.
Hyundai and Kia have invested £100 million in a British EV company to return to their 2020 status. However, with the continuous decrease in the company's value, it has even been threatened with delisting from the Nasdaq stock exchange.
Meanwhile, the CES technology exhibition was held in Las Vegas last week. There, several modular electric vans, suitable for the future world, have managed to win Kia's attention.
The Korean company suggests that from 2025, the commercial range of PBVs (Purpose-Built Vehicles) can be built globally within microfactories in a manner largely similar to what has been proposed.
Furthermore, Kia also stated that the intellectual property for the vans and their construction methods fully belongs to Kia.
