KOAM Establishes Phoenix, Arizona, Facility
The company’s 20,000 square-foot warehouse located in Phoenix’s Warehouse District. This is the KOAM’s seventh location. Five, including headquarters, are in Alabama and one is in Georgia.
“KOAM brings not only seasoned experience, but also innovative solutions in automotive packaging and material handling, as well as logistics to the new EV industry in the greater Phoenix area. We believe the EV industry here will be a major part of the already growing Phoenix economy and we are here to be part of this historical growth,” said Tae Kim, KOAM vice president. “KOAM is here to provide the new EV companies premier products and services in all three business areas: automotive packaging, material handling, and logistics to ensure their success here in Greater Phoenix. For this reason, we are truly excited to be part of a new chapter in automotive history.”
Globally, EVs are expected to grow from 2.5 million in 2020 to 11.2 million in 2025 and 31.1 million in 2030. The U.S. is expected to hold 14% of the global market share by 2030, with 27% of new sales being electric vehicles and Greater Phoenix is going to be at the center of this evolution, according to data and insights from the Greater Phoenix Economic Council.
“Greater Phoenix is emerging as the US’ new hub for electric vehicle manufacturing and KOAM is a great addition to the region’s robust supplier ecosystem,” said Chris Camacho, president & CEO of GPEC. “We look forward to being a partner in KOAM’s continued success and seeing their growth here in Greater Phoenix.”
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