March 13, 2006

Kia to build plant in West Point, Georgia

Seoul, South Korea – Kia Motors Corporation has announced plans to construct its first North American assembly and manufacturing plant, a US$1.2 billion investment, in West Point, Georgia. The plant will begin production in 2009.

The facility is expected to produce 300,000 vehicles per year at maximum capacity, and will employ approximately 2,500 local workers. Five or six suppliers are expected to set up operations in the surrounding area, resulting in an additional 2,000 jobs.

Kia is also currently constructing a US$87 million corporate campus and design centre in Irvine, California, expected to open in December 2006. In total, Kia has invested more than US$300 million in the United States in the last four years, including a research and development centre in Ann Arbor, Michigan; a vehicle proving grounds in Mojave, California; and the largest automotive design studio in California, which it shares with Hyundai Motor America.

Kia expects its North American sales to climb by 15 per cent to 350,000 units in 2006, and further grow to 800,000 units by 2010.

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