kia

Hyundai Motor Group, including Kia, is using affordability to gain market share in the US. With low-cost electric cars, Hyundai Motor, along with Kia, surged past American automakers Ford and GM in the US EV market in the first three months of 2024.

Kia is following in Ford’s footsteps after suddenly announcing plans to introduce more hybrids as it expects slower EV demand. To boost sales and fend off low-cost Chinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year.

South Korean automaker Kia has started production on its all-electric EV5 SUV for export in China, with the first markets targeted being Thailand and Australia, with Australia’s price expected to undercut Tesla’s Model Y, which is the best-selling SUV in the country. A global launch is set for next year, but will that include the US?

Kia’s rebate on the 2024 EV9 increased from $5,000 to $7,500 today, the largest discount on the EV model to date, reports CarsDirect. 

The first fully electric three-row SUV from Kia, the EV9, sparked a 151% surge in EV sales in March. Kia’s EV9 helped the brand achieve its second-best Q1 sales results.

Kia’s first three-row electric SUV is off to a good start. However, Kia will accelerate EV9 momentum with plans to begin US production by May. Kia expects the EV9 will qualify for the full $7,500 EV tax credit by early next year.

Kia aims to boost sales with improved tech and designs. To help its transition, Kia is bringing on former longtime Mercedes-Benz and BMW designers.

Hyundai Motor Group, including Kia and Genesis, is set to recall over 147,000 EVs in the US due to potentially damaged charging units.

Hyundai and Kia will recall around 170,000 EVs in Korea, the largest since they launched. The recall is over a software issue impacting Hyundai’s IONIQ, Genesis, and Kia EVs. Meanwhile, there’s an open NHTSA investigation in the US.

Although Rivian and Tesla are making headlines with planned expansions into mass-market electric vehicles, Kia is set to launch two affordable EVs of its own. One of them, the Kia EV3, is expected to launch by the end of the year.

Can Kia challenge Toyota, which has dominated the market in Thailand, with affordable EVs? Chinese automakers like BYD are already stealing market share, but Kia is in talks over a new EV plant in Thailand that could help position itself as an early leader.

If you’ve been waiting to buy Kia’s first three-row electric SUV, the perfect opportunity may have just landed. Kia is now offering a $5,000 customer cash discount on all 2024 EV9 models.

In what Kia is calling “EV Festa,” the automaker is slashing prices on its all-electric models, including the EV6, EV9, and Niro EV in Korea, by up to $10,000 (KRW 13.56 million).

Kia is plowing ahead with plans to produce its first three-row electric SUV in the US, which is slated to begin this spring. However, it’s unclear whether Kia’s new US-made EV9 will fully qualify for the $7,500 EV tax credit at first.

The new Kia EV9 is being marked up by dealers despite the brand specifically asking them not to. As demand picks, some dealers are marking up the electric SUV by up to $7,000 over MSRP.

South Korea’s government looks to give domestic automakers Hyundai and Kia a break with its new EV policy. The new EV subsidy policy is in response to price cuts on Tesla’s Model Y and BYD’s models, which use lower-cost LFP batteries.

Kia plans to replace the Stinger with an incredibly powerful all-electric sedan called the EV8. The high-performance EV is expected to pack over 600 hp and 500 miles range as Kia’s most powerful car yet.

Seven months after seven major OEMs shared plans to join forces and implement a new EV charging network of over 30,000 piles in North America, the joint venture, now called IONNA, has officially received regulatory approval to begin operations. The JV has also named its first CEO, who is no stranger to EV charging.

Kia plans to fight falling EV resale prices in Australia with a new guaranteed future value program. New electric models, including the EV6 and Kia EV9, will be part of the plan.

Kia is recalling just over 1,200 EV6 and Niro EVs over a faulty drive shaft that can result in a loss of power.

Kia’s new three-row electric SUV is gaining momentum in the US. Over 1,400 Kia EV9 models were handed over in January, topping the EV6 in US sales.