SEOUL, April 25 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Monday its first-quarter net profit fell 0.2 percent from a year earlier due to one-off costs amid global chip shortages. Net profit for the three months ended in March fell to 1.032 trillion won (US$825 million) from 1.035 trillion won during the [...]
SEOUL, April 18 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, on Monday outlined its used car business plans to expand customers’ choices following the government’s approval despite objection from existing players. Last month, the Ministry of SMEs and Startups decided not to designate secondhand car sales as one of the “livelihood businesses” that [...]
SEOUL, April 14 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. — South Korea’s two biggest carmakers — said Thursday they have unveiled their face-lifted SUV models amid robust demand for SUVs at the New York International Auto Show this week. Hyundai revealed the upgraded Palisade SUV at the show ahead of [...]
SEOUL, April 10 (Korea Bizwire) — Over 1 in 5 vehicles sold by Hyundai Motor Co. and its smaller affiliate Kia Corp. so far this year have been eco-friendly cars, backed by their growing popularity, industry data showed Sunday. The two South Korean automakers sold a combined 64,417 hybrid and electric vehicles in the January-March [...]
SEOUL, April 6 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Wednesday its on-year vehicle sales jumped 18 percent in India last month on demand for its multipurpose model. Kia sold 22,622 vehicles in India last month, marking the biggest monthly sales figure since it entered the emerging market in August 2019, according [...]
SEOUL, April 5 (Korea Bizwire) — Electric vehicles (EVs) now account for more than 20 percent of Hyundai Motor Co.’s sales in the European market. The carmaker said it sold a total of 57,842 units in Europe in the first two months of this year, of which EVs accounted for 11,532 units. The share of [...]
SEOUL, April 2 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Saturday their combined sales in the United States fell 3.7 percent in the first quarter compared with a year ago due to the prolonged pandemic and chip shortages. The corporate duo sold a total of 322,593 vehicles in the U.S. [...]
SEOUL, March 25 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Friday it will build a purpose-built vehicle (PBV) plant in one of its domestic plants, as it strives to become a future mobility solutions provider. Kia plans to complete the PBV plant by the end of 2024 and start operations in 2025, [...]
SEOUL, March 25 (Korea Bizwire) — Kia Corp. is set to issue non-fungible tokens (NFTs) for the first time among South Korean car brands. The carmaker said Thursday that it will start selling six self-produced KIA EV NFTs, developed at its Design Center using the company’s EV lineup, through NFT retail platform Klip Drops until [...]
SEOUL, March 24 (Korea Bizwire) — Kia Corp. said Wednesday it will hold an eco-friendly fundraising event synced to the 2022 League of Legends (LOL) Champions Korea spring playoffs, making donations based on DWG KIA’s performance throughout the championship. It is the country’s first time to see an esports sponsor join in collaboration with a [...]