SEOUL, March 21 (Korea Bizwire) — After facing a surge in thefts that tarnished their reputation in the American market, Hyundai and Kia have seen a dramatic turnaround, with vehicle theft rates dropping significantly following the implementation of enhanced anti-theft measures. According to data from the National Insurance Crime Bureau (NICB), reported by Reuters on [...]
SEOUL, March 7 (Korea Bizwire) — Kia Corp.’s electric compact sport utility vehicle (SUV) EV3 has been named the U.K. Car of the Year 2025, the company said Friday. The Kia EV3 topped the Small Crossover category of the annual award and took the overall top honor, outperforming strong contenders across six other segments, according [...]
SEOUL, March 6 (Korea Bizwire) — Kia Corp. on Thursday partnered with Gyeonggi Province and the city of Hwaseong to develop an ecosystem for the future mobility industry in the region, with a focus on the automaker’s purpose-built vehicles (PBVs). Under a memorandum of understanding (MOU) signed at Kia Autoland Hwaseong, Kia will proceed with [...]
SEOUL, March 4 (Korea Bizwire) — Song Ho-sung, president and chief executive officer (CEO) of Kia Corp., on Tuesday expressed confidence in turning increasing global trade and business uncertainties for the South Korean automaker into opportunities for further growth. In a letter to shareholders published on Kia’s website, Song assessed that the globalization trend of [...]
SEOUL, Feb. 26 (Korea Bizwire) — Global automakers are rolling out lower-priced electric vehicles this year despite facing a temporary plateau in demand, known in the industry as a “chasm.” The strategy aims to attract cost-conscious consumers while securing market share ahead of widespread EV adoption. According to industry sources on February 24, Kia plans to unveil [...]
SEOUL, Feb. 21 (Korea Bizwire) — The Kia EV3, a compact electric SUV, has been awarded the title of ‘2025 Car of the Year’ by the Korea Automobile Journalists Association (KAJA), marking a significant milestone for Kia’s push toward the mass adoption of electric vehicles. KAJA, comprising 59 media outlets across newspapers, television, radio, and [...]
SEOUL, Feb. 17 (Korea Bizwire) — Kia Corp., South Korea’s second-largest carmaker, said Monday it will participate in the International Defence Exhibition & Conference (IDEX) 2025 in the United Arab Emirates this week, showcasing its non-passenger military vehicles. IDEX 2025, the Middle East’s largest defense industry trade show, is set to open on Monday (local [...]
SANTA MONICA, Calif., Feb. 5 (Korea Bizwire) — Kia is making a bold push into the U.S. compact sedan market with its newly launched K4, a model assembled in Mexico and designed specifically for North American consumers. At a media event on February 4, the automaker introduced the vehicle to Asian press outlets, outlining its marketing strategy [...]
LOS ANGELES, Feb. 5 (Korea Bizwire) — Hyundai and Kia, along with other global automakers, have launched operations for their joint electric vehicle (EV) charging venture, Ionna, marking a significant expansion of EV infrastructure across the United States. Hyundai announced on February 4 that Ionna, established last year to develop a robust North American charging network, [...]
SEOUL, Jan. 19 (Korea Bizwire) — Kia Motors achieved its highest-ever electric vehicle (EV) sales in 2024, fueled by robust demand in North America and the success of its large EV models, including the EV9. The company’s global EV sales from January to November reached 184,852 units, a 10.9% increase from the same period in 2023. [...]