Mass Production of Off-Road Four-Wheelers Begins at Mexico Plant － Strengthen Kawasaki’s North America Business Base By Expanding Production Capacity －

Exterior view of KMX		MULE SXTM Utility Vehicle

Tokyo, April 24, 2024 — Kawasaki Motors Ltd. announced today that it has begun mass production of off-road four-wheelers at its Mexican subsidiary, Kawasaki Motores de México S.A. de C.V. (KMX). Initially, KMX has started with producing utility vehicles, and plans to gradually expand the range of models produced there in the future.

Located in Salinas Victoria in Nuevo León, Mexico, KMX will be one of Kawasaki’s main plants, with an annual production capacity of up to 30,000 off-road four-wheelers. At KMX, the aim is to enable flexible production to meet to fluctuating demand by fully integrated production, from material processing through to the assembly of complete vehicles as well as automating the production line.

In response to increasing demand arising from the expansion of the off-road vehicle market primarily in North America, we have been making capital investments in our U.S. subsidiary, Kawasaki Motors Manufacturing Corp., U.S.A. (KMM), and KMX since fiscal year 2021. Now, with the start of operations at KMX's off-road wheeler plant, production capacity receives a significant increase to reach as many as 100,000 units per year.

Kawasaki plans to approximately double the sales revenue of our four-wheel business segment by 2025 (vs. 2022) by releasing competitive new models to the off-road four-wheel market, where steady growth is expected to continue*. The KMX plant will play a large part in strengthening our business base in the North American market, allowing us to provide better products and services as we strive to further promote the Kawasaki brand and deliver customers even more satisfaction.

*For reference: “Group Vision 2030 Progress Report Meeting”
https://global.kawasaki.com/en/corp/ir/library/pdf/etc_231212-1e.pdf