Kia to invest 3 tln won in Gwangju to build PBV mobility ecosystem by 2029
SEOUL, Nov. 6 (Yonhap) -- Kia Corp. said Friday it will invest 3 trillion won (U...
Kia Corporation has announced plans to invest $2.2 billion through 2029 in Gwangju, South Korea, to develop a PBV (purpose-built vehicle) ecosystem. The investment was formalized through a memorandum of understanding signed with local partners including Jeonnam-Gwangju Special Metropolitan City, Chonnam National University, and Gwangju Institute of Science and Technology (GIST).
The companies will collaborate on creating PBVs for demand-responsive transport, testing autonomous shuttles in Gwangju, demonstrating remote driving technology using the PV5 wheelchair-accessible vehicle, and evaluating Kia's Easy Swap technology, which enables vehicles to transition between passenger and cargo modes. Kia anticipates this partnership will bolster the region's PBV industry and generate new growth prospects by expediting the advancement and implementation of cutting-edge mobility services.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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