Kia plans to invest about $2 billion in a new manufacturing plant in Andhra Pradesh, India, increasing its annual capacity from 430,000 to 630,000 vehicles. According to Sina Finance, Kia India Managing Director and CEO Gwanggu Lee said at the Confederation of Indian Industry's Partnership Summit on Thursday that the investment is expected to create about 12,000 jobs. The company has not specified a construction timetable or when production will begin. Kia signed an agreement with the Andhra Pradesh government in 2017 and began mass production at its existing Anantapur plant in August 2019. The plant makes the Seltos and Sonet for the domestic market and export.