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Kia to Invest $2.2 Bil. in Gwangju to Build PBV Mobility Ecosystem by 2029

Summary by The Korea Times
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 t…

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(Seoul, Gwangju, Jeonnam = Yonhap News) Reporters Hyung Min-woo and Jang Ha-na = Kia is setting out to create a future mobility ecosystem centered on Purpose-Built Vehicles (PBVs) in the Jeonnam and Gwangju regions....

·Seoul, Korea (the Republic of)
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Kia is developing Gwangju into a hub for the future mobility industry centered on Purpose-Built Vehicles (PBVs). The plan is to expand the foundation of the regional future automotive industry by testing autonomous driving and remote driving technologies utilizing PBVs in real-world environments in collaboration with local governments and universities, and connecting these efforts to commercialization. On the 6th, at Autoland Gwangju, Kia, toget…

[Digital Daily Reporter Yoon Seo-yeon] As Kia invests approximately 3 trillion won in Gwangju by 2029 to establish a future vehicle production system, it is expanding the scope of cooperation with local governments, universities, and research institutions. The company plans to strengthen the foundation of the regional future mobility industry alongside the conversion of production facilities by promoting the demonstration of autonomous shuttles …

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조선일보 broke the news on Friday, November 6, 2026.
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