Kia Motors and CJ Freshway have signed a memorandum of understanding (MOU) for the supply of eco-friendly Purpose Built Vehicles or PBVs. These are special-purpose vehicles based on small or medium-sized, or multi-box vans.
The livestock company that delivers safe and reliable food supplies to customers placed an order for 30 units of refrigerated trucks from Kia Motors. CJ Freshway is seen as the best food distributor and food service company in South Korea, with global supply chains, and offers the best quality ingredients that will be delivered through the new fleet of PBVs.
It was last week when Kia Motors announced its new deal with CJ Freshway. The company said it would deliver 30 electric refrigerated vans to the livestock firm starting next year, as per the Korea Joongang Daily.
The new vans will also be utilized to bring fresh food to various customers. The vehicles will be deployed for food catering services for school and company cafeterias. It was reported that since this is an EV, the charging facilities for the vans will be provided by Kia Motors as well.
“Through a strategic collaboration with CJ Freshway, we intend to pioneer the domestic food delivery market by developing a dedicated specialized cold chain vehicle and related solution.” Kia Motors’ president, Song Ho Seong, said in a statement. “We will continue our efforts to ensure competitiveness in the PBV business by providing tailored services.”
Moreover, the companies will jointly work together to develop an environmentally friendly purpose-built vehicle (PBV) that is specially designed to be more effective when used for cold chain food delivery. They will also be formulating related services and provide solutions to speed up competitiveness in the global PBV business sector.
Meanwhile, the signing of the MOU was attended by key officials of CJ Freshway and Kia Motors. The event was held at the automaker’s headquarters in Yangjae-dong, Seoul, on Friday, Oct. 21. Aside from Kia’s president Song Ho Seong, CJ Freshway’s chief executive officer, Jeong Seong Pil, CJ Freshway’s head of distribution unit, and Kia’s eLCV business division manager, Kim Sang Dae was present in the ceremony too.


Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns
Instagram Outage Disrupts Thousands of U.S. Users
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 



