Kia plans to enter Japan's purpose-built vehicle market with the launch of its PV5 electric van in 2026, collaborating with Japanese trading firm Sojitz to meet net-zero objectives. The goal is to capture a 30% share of battery-powered vehicles in total car sales by 2030. The PV5 will support the CHAdeMO fast-charging system and feature vehicle-to-everything (V2X) capabilities for wireless data sharing. Following this model, Kia is set to introduce a larger electric van, the PV7, in the following years. Production of the PV5 will occur at Kia's EVO Plant in Gyeonggi Province, utilizing a flexible manufacturing system with a capacity of 150,000 units annually to ensure high quality and thorough inspections. To improve visibility and sales in Japan, Kia faces the challenge of strong domestic brand loyalty. However, growing interest in electric vehicles may provide a unique opportunity, especially as Japanese competitors focus more on hybrids than fully electric vans. #MotiveAsia #SouthKorea https://lnkd.in/gtBp5CZ8
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Kia’s $15,000 EV2 caught in the wild as affordable EV offensive kicks off [Video] As the brand prepares to kick off its low-cost EV offensive, Kia’s cheapest EV2, starting around $14,500 (20 million Won), was spotted testing in a new video. Check out the first glimpse of the Kia EV2 below. Affordable Kia electric cars are coming Kia unveiled three new affordable electric vehicles during its first annual EV https://lnkd.in/gdifGQeT
Kia’s $15,000 EV2 caught in the wild as affordable EV offensive kicks off [Video]
https://bauaelectric.com
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With the EV revolution underway, a large number of electric car manufacturers are targeting Europe for the first time. With typically lower prices than European OEMs, these brands are set to steal a significant chunk of the market share from long established manufacturers. Find out more down below 👇 #ElectricDrives | #ElectricVehicles | #EMobility | #EV | #Sustainability | #EVSales BYD EUROPE Mike Belinfante David Wreford-Glanvill VINFAST Jessica Colledge Andrew Pilkington, MBA XPENG Erik Thomas Ganer Thomas Rodier Changan Automobile Zeekr Europe Qin Xu Marc Bras OMODA España
The top EV manufacturers heading to Europe
https://electricdrives.tv
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Chinese new energy vehicle brands Li Auto and Zeekr reported record deliveries in September. Li Auto delivered 53,709 vehicles, surpassing its previous record by over 5%. Zeekr, owned by Geely, delivered 21,333 vehicles. BYD led the market with 417,603 passenger vehicles, while Nio reported 21,181 deliveries, including vehicles from its new Onvo brand. Xpeng also set a record with 21,352 electric car deliveries, which included over 10,000 units of its new M03 coupe from the mass-market Mona brand. All brands are striving to exceed prior delivery forecasts, although Zeekr fell just short of its monthly target for its annual goal. The new energy vehicle market in China continues to expand, accounting for over half of new passenger car sales in July and August. Following the announcements, U.S.-listed shares of Xpeng rose by 3.12% in after-hours trading. The mainland China and Hong Kong markets are currently closed for a holiday, with trading set to resume soon. #MotiveAsia #China https://lnkd.in/grvG2_qg
Chinese EV brands Li Auto and Zeekr report record deliveries for September
cnbc.com
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INTERNATIONAL CAR MARKET 1. More than 155,000 Hyundai Ioniq 5 and Ioniq 6 electric cars are being recalled globally because the 12V battery charger may fail to cause kinetic loss. (source: VnMedia) 2. Research in many big countries such as the US, Sweden, Australia... shows that the rate of gasoline cars on fire is 80 times higher than that of electric cars. (source: VnMedia) 3. Most Americans are not really interested in electric vehicles due to many concerns, especially doubts about the scope of this new vehicle and the price barrier and lack of charging stations. (source: Vietnamnet) 4. Many Toyota car dealers in the US have taken advantage of raising the price of models of interest such as Land Cruiser, Tacoma and the latest Camry, with a difference of thousands of dollars. (source: Vietnamnet) 5. The HWA brand plans to revive the legendary Mercedes-Benz 190E with a limited refurbished version of only 100 units. (source: Tien Phong Newspaper) 6. Toyota is testing hydrogen-fueled Hilux prototypes to assess the feasibility of this vehicle before going into commercial production. (source: Hay Car) 7. In the near future, Ford will launch a new pure electric sports crossover model called Ford Capri EV 2025. The car is expected to be released on July 10 and put into production from the end of this year. (source: Knowledge & Life) 8. Peugeot - CEO Linda Jackson, said it will not produce more Peugeot Sport Engineered (PSE) branded models because it is prioritizing electrification conversion. (source: Hay Car) 9. 'Honda has officially ''started'' to assemble the first plug-in hydrogen fuel cell model called CR-V e: FCEV. (source: Car Hay)' 10. Statistics show that electric cars of Hyundai Motor Co. and Kia Corp. accounted for 11.2%, equivalent to 48,838 units out of a total of 437,246 electric vehicles sold in the US market in the first 5 months of this year. (source: Dak Nong Newspaper) Reup bởi: #selena_mặc_áo_vàng_khè đi con xe #Jeep_hồng_lè
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Kia's Affordable EV Offensive Gets Underway with Sighting of Sub-$15k EV2 #KiaEV #ElectricVehicles #AffordableEVs Kia's commitment to making electric vehicles accessible is taking shape! A recent video captured the brand's most affordable offering yet, the EV2, undergoing testing. With a starting price rumored to be around $14,500 (20 million Won), the EV2 is poised to be a game-changer in the budget-friendly EV market. This exciting development comes on the heels of Kia's first annual EV Day in October, where they unveiled three additional electric vehicles – the EV3, EV4, and EV5. The EV5 has already launched in China, starting at a competitive $20,000 (149,800 yuan), showcasing Kia's commitment to taking on industry giants like Tesla and cost-conscious Chinese EV manufacturers. Stay tuned for more updates on Kia's electrifying journey! #EVRevolution #FutureofMobility https://flip.it/vK3KyI
Kia's $15,000 EV2 caught in the wild as affordable EV offensive kicks off [Video]
https://electrek.co
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[Hyundai, Kia seek to boost presence in China market] Hyundai Motor Group on Wednesday unveiled a slew of new vehicles at the 2024 Beijing International Automotive Exhibition, ramping up efforts to boost its sluggish presence in the world's largest automotive market. At the Beijing Auto Show, one of the biggest motor shows that has returned in-person after four years, all three brands of the Korean auto giant -- Hyundai Motor Company (현대자동차) , Kia and Genesis -- promised to introduce electric vehicles tailored for Chinese customers. Unveiling the Ioniq 5 N high-performance electric vehicle, Hyundai Motor said will come up with a new EV lineup for the Chinese market by 2027. "With Ioniq 5 N, we will go all-in in China's high-performance EV segment and present our unique EV strategy," said Oh Ik-kyun, Hyundai Motor's vice president. Tap below to read full story. #Hyundai #Motor #EV #China #market #Kia #Genesis #Korea #auto #automobile #Beijing #Auto #Show https://lnkd.in/en7iAX3C
Hyundai, Kia seek to boost presence in China market
koreaherald.com
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#ZACHMultimediaAutoMarketshareInsights #ZACHMultimediaElectricMobility #ZACHMultimediaEVs " Hyundai Motor Company (현대자동차) and Kia Zip Into the U.S. Car Market’s Fast Lane "South Korea’s automakers are getting a geopolitics boost with growing EV sales By Jacky Wong, The Wall Street Journal, 24 June 2024 === José Muñoz, Wonhong Cho, Angela Zepeda [Image - A Hyundai SUV during the 2023 New York International Auto Show in New York. Nearly 8% of Hyundai’s cars sold in the U.S. last year were EVs. PHOTO: Stephanie Keith/Bloomberg News] "South Korean automakers Hyundai and Kia already make some of America’s most popular cars, particularly in the hybrid category. Now geopolitics is helping them be even more competitive in the growing EV market. "Investors in the companies, which have designs and some ownership in common, have found themselves in the fast lane as a result. Shares of Hyundai Motor have gained 85% since the end of 2022 while those of Kia have more than doubled. Hyundai is Kia’s largest shareholder with a 34% stake. The two companies reported record earnings last year, with both increasing their operating profits by more than 50% from 2022. "The U.S. has been the major growth driver for both companies as they have steadily increased their market share. Hyundai and Kia together have more than 10% of the U.S. market, according to Goldman Sachs. Their combined revenue in North America has doubled in the past five years alone. With lucrative sport utility vehicles such as the Tucson and the Santa Fe, Goldman estimates that the U.S. is their most profitable market. "Their success in green technology is helping: Nearly 8% of Hyundai’s cars sold in the U.S. last year were EVs. That proportion was even higher at 16% in more EV-friendly Europe. But they have also been offering a more balanced portfolio of products: Around 10% of Hyundai’s cars sold in the U.S. were conventional hybrids. ["Kia overhauled its look in 2021 in the hopes of cultivating a more upmarket image as electric vehicles take center stage in the industry. The Wall Street Journal breaks down Kia’s efforts to change consumers’ perceptions of the brand. Illustration: Ryan Trefes] "That is especially important as hybrid sales could grow faster in the next few years while consumers sit on the fence for the EV transition. Nomura expects global hybrid sales to grow an average 26% between 2023 and 2026, outpacing the 19% growth in pure EVs. Nomura predicts even faster growth of 34% in the U.S. market. "Geopolitics will provide another tailwind as affordable Chinese EVs face obstacles in America. Currently, EVs from the Korean automakers aren’t necessarily eligible for $7,500 tax credits under the Inflation Reduction Act, but that would change after Hyundai’s $7.6 billion manufacturing plant in Georgia opens later this year. "Booming India is becoming another important market for the Korean automakers. Hyundai plans to spin off a minority stake in its Indian..."... ...
Hyundai and Kia Zip Into the U.S. Car Market’s Fast Lane
wsj.com
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Chinese EVs Take Center Stage at Bangkok Motor Show: Disruption Brewing in Southeast Asia's Auto Industry #EVs #Thailand #AutoIndustry #Disruption Chinese automakers are stealing the spotlight at the Bangkok International Motor Show, showcasing their latest electric vehicles (EVs) and challenging the dominance of Japanese giants. ⚡️🇹🇭 Newcomers like Geely's Zeekr and Xpeng Motors are entering the Thai market with premium EVs and ambitious expansion plans. Zeekr plans to launch 2 models and open 10 showrooms by June, while Xpeng is showcasing a flying drone car and plans 5 showrooms this year. This aggressive push highlights the growing competitiveness in Southeast Asia's auto industry. With established players like BYD and Great Wall Motor already leading the EV market, is there room for more? Changan Automobile is aiming for the budget-conscious segment with a two-door EV priced around $13,728, launched this week. This signals a multi-pronged attack from Chinese automakers catering to various market segments. Industry leaders, are you ready for the EV revolution in Southeast Asia? What are the implications for established players? Join the conversation! #FutureofMobility #Innovation #ElectricVehicles https://lnkd.in/gBd2pg8e
Chinese EV makers take centre stage at Bangkok motor show, to unveil new models
finance.yahoo.com
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Hyundai Motor America has unveiled the IONIQ 9, its first three-row electric SUV, a groundbreaking addition to its lineup. As the second vehicle set to roll off the production lines at Hyundai's new Georgia factory, the IONIQ 9 highlights the growing importance of U.S.-based EV manufacturing. The IONIQ 9 joins the Kia EV9, solidifying the region's role as a hub for electric innovation. See the full story here ––> https://bit.ly/3V8yW4d
Hyundai's first fully electric three-row SUV will be made at Georgia plant near Savannah
ajc.com
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A Line in the Sand 🚗⚡ Kia Australia Pty Ltd made a bold move by rejecting the first batch of EV5 electric SUVs due to quality concerns. CEO Damien Meredith emphasized the importance of setting clear standards with suppliers from the outset to ensure only the best reaches customers. While the delay was challenging, it’s great to see Kia prioritizing quality over speed to market. The EV5 is now rolling out, and it’s clear the wait was worth it 👏. Smart decision-making at its finest! Do you think more brands should take similar stands on quality, even if it means delaying a product launch? 🤔 #KiaAustralia #EV5 #QualityMatters #ElectricFuture #carsales https://lnkd.in/gVmb_9sp
Kia Australia rejected first EV5s on quality grounds - carsales.com.au
carsales.com.au
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