Kia Corp to produce electric vehicles in the U.S. from 2024 – reports

SEOUL (Reuters) – Kia Corp is anticipated to supply electrical autos in the US from 2024, South Korean media Maeil Enterprise Newspaper and TV channel SBS reported on Tuesday, citing an unidentified auto business supply.

Kia Corp was not instantly obtainable for remark when contacted by Reuters.

The Inflation Discount Act signed into legislation by U.S. President Joe Biden final month excludes Hyundai Motor Co and its affiliate Kia Corp from federal tax credit as a result of they do not but make EVs in North America, knocking their EV ambitions within the brief time period not less than.

(Reporting by Heekyong Yang and Joyce Lee; Enhancing by Kim Coghill)