Friday, July 12, 2024
NewsKia to Build EV3 Electric in Mexico: Report

Kia to Build EV3 Electric in Mexico: Report

Kia EV3 will be built locally for North America

  • Mexico production helps keep EV3 affordable

  • New compact set to be a top-seller for Kia

A new report says that Kia‘s compact and affordable EV3 electric will be built in Mexico for the North American market. Building the model here will likely play a big part in keeping it affordable for the U.S. market, but it’s not clear the impact it will have on pricing in Canada.

The Korean Car Blog reported that Kia announced its plans to build the EV3 at its plant in Monterrey, Mexico. But the report also says that it won’t be exactly the same EV3 seen elsewhere, with “a distinct North American model” planned. The Kia EV3 will be built on the same E-GMP electric platform used on the Kia EV6 and other Hyundai Group EVs.

According to the report, Kia plans to build 110,000 units per year at the plant, exclusively destined for North America. That’s more than the 100,000 units it plans to build in Korea for the rest of the world, and could potentially make the the brand’s third best-seller after Sportage and Forte.

The decision to build the EV3 in Mexico is said to be the result of the U.S. Inflation Reduction Act. The legislation allows EVs built in North America to qualify for larger EV purchase incentives. Those incentives are expected to bring the final price of the EV3 down to the mid $20k range for U.S. buyers.


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