SEOUL, May 16 (Korea Bizwire) — Kia Corp. will build a new electric vehicle (EV) plant in northern Mexico, a Mexican governor said Tuesday. “More good news! Nuevo Leon consolidates as the ELECTROMOBILITY HUB: KIA once again bets on Nuevo Leon with an investment to expand its plant and produce two KIA car models,” Samuel [...]
SEOUL, May 5 (Korea Bizwire) — Hyundai Motor Group on Thursday unveiled the software-defined vehicle (SDV) technology featured in Kia Corp.’s all-electric EV9 flagship SUV. The automotive group posted a new YouTube video which showed that the EV9′s over-the-air (OTA) software update system will now cover not only core parts of the vehicle but also [...]
SEOUL, April 26 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, said Wednesday its first-quarter net profit more than doubled from a year earlier on increased production and an improved product mix. Net profit for the three months ended in March jumped to 2.119 trillion won (US$1.58 billion) from 1.032 trillion won [...]
SEOUL, April 18 (Korea Bizwire) — The South Korean government announced on Tuesday that it will engage in discussions with its American counterparts to ensure that Korean companies can benefit from the Inflation Reduction Act (IRA) policy in the future. This comes in response to Hyundai and Kia’s exclusion from the list of electric vehicles [...]
SEOUL, April 18 (Korea Bizwire) — Hyundai Motor Co. and its smaller affiliate Kia Corp. said Tuesday they aim to revive lackluster sales in China by launching new models in the world’s biggest automobile market this year. The two South Korean carmakers still suffer weak sales in China due to the lingering impact of a [...]
SEOUL, April 11 (Korea Bizwire) — South Korea’s Hyundai Motor Group said Tuesday it will invest 24 trillion won (US$18.2 billion) in its domestic electric vehicle (EV) production facilities and other EV projects by 2030. Hyundai Motor Co., its smaller affiliate Kia Corp. and auto parts maker Hyundai Mobis Co. will collectively make the investment [...]
SEOUL, April 5 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Wednesday it is targeting to sell 1 million electric vehicles in 2026 as it seeks to morph into a “sustainable mobility solutions provider.” Kia plans to launch the all-electric EV9 flagship SUV in the domestic market during the first half of this [...]
SEOUL, April 4 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Tuesday their combined sales in the United States rose 18 percent in the first quarter from a year earlier on robust sales of SUVs and eco-friendly models. Hyundai and Kia sold 382,354 vehicles in the world’s most important automobile market [...]
SEOUL, March 29 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, on Wednesday unveiled the all-electric EV9 flagship SUV ahead of its domestic launch in the second quarter. The EV9 is Kia’s second model equipped with Hyundai Motor Group’s dedicated EV platform, called E-GMP, after the EV6 SUV launched in 2021. The [...]
SEOUL, March 20 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, on Monday unveiled the all-electric EV5 SUV concept at an electric vehicle (EV) event held in China. Kia introduced the EV5 concept at Kia EV Day planned only for Chinese customers before it launches an electric SUV model based on the [...]