Kia Motors Corp., Korea’s second largest automaker and affiliate of Hyundai Motor Group, will invest 29 trillion won ($25 billion) over the next six years to double down on its migration to eco-friendly cars and take lead in newly emerging purpose-built vehicle market.
According to its mid-term outline dubbed Plan S, the automaker will focus on electric and purpose-built vehicles by investing 29 trillion won by 2025. Through this, it hopes to achieve an operating margin of 6 percent by then. Read More…
