Kia Unveils New Electric Vehicles for Broader Appeal
POWER & RENEWABLE ENERGY

Kia Unveils New Electric Vehicles for Broader Appeal

Kia Corp has unveiled three new small-to-medium-sized electric vehicles (EVs) as part of its strategy to appeal to a broader customer base and accelerate electrification efforts. The South Korean automaker plans to launch two electric compact SUVs, EV5 and EV3, and an electric sedan, EV4, in a bid to reach its target of selling one million EVs by 2026.

Kia aims to offer a wide range of EV models priced from $30,000 to $80,000, with smaller EVs like EV5, EV4, and EV3 priced between $35,000 and $50,000. The EV5, the third dedicated EV in Kia's lineup, is set to launch in South Korea in 2025, with production taking place in both China and South Korea.

The EV5 models sold in China will use lithium-phosphate-iron (LFP) batteries, while those in South Korea will feature more expensive nickel-cobalt-manganese (NCM) batteries, according to Kia President Song Ho Sung. The Chinese EV5 is expected to have a maximum range of 720 km (447 miles) and offer fast charging capabilities. Kia plans to tailor the South Korean version to meet market demands.

Kia's expansion into more affordable EVs aligns with growing demand from price-conscious consumers in the electric vehicle market.

Kia Corp has unveiled three new small-to-medium-sized electric vehicles (EVs) as part of its strategy to appeal to a broader customer base and accelerate electrification efforts. The South Korean automaker plans to launch two electric compact SUVs, EV5 and EV3, and an electric sedan, EV4, in a bid to reach its target of selling one million EVs by 2026. Kia aims to offer a wide range of EV models priced from $30,000 to $80,000, with smaller EVs like EV5, EV4, and EV3 priced between $35,000 and $50,000. The EV5, the third dedicated EV in Kia's lineup, is set to launch in South Korea in 2025, with production taking place in both China and South Korea. The EV5 models sold in China will use lithium-phosphate-iron (LFP) batteries, while those in South Korea will feature more expensive nickel-cobalt-manganese (NCM) batteries, according to Kia President Song Ho Sung. The Chinese EV5 is expected to have a maximum range of 720 km (447 miles) and offer fast charging capabilities. Kia plans to tailor the South Korean version to meet market demands. Kia's expansion into more affordable EVs aligns with growing demand from price-conscious consumers in the electric vehicle market.

Next Story
Infrastructure Energy

SJVN Green Adds 100 MW Solar Capacity in Bikaner

SJVN Green Energy Ltd (SGEL), a wholly owned subsidiary of SJVN, has commenced commercial operations of an additional 100.02 MW from its 1,000 MW solar power project in Bikaner, Rajasthan. With this, the total commercially operational capacity at the site now stands at 501.02 MW.In a regulatory filing on Monday, SJVN confirmed that the newly added capacity became operational on 30 June 2025. The balance capacity is expected to be commissioned in the near future, progressively bringing the entire 1,000 MW project online.The Bikaner solar project is one of SGEL’s key renewable energy initiativ..

Next Story
Infrastructure Urban

India, RAK Mull Long Term Deal For Limestone And Green Steel

Union Steel Minister H D Kumaraswamy met Ras Al Khaimah (RAK) ruler Saud Bin Saqr Al Qasimi in Dubai to discuss securing long term access to low silica limestone from the UAE and collaborating on green steel production. The talks coincided with the Minister’s inauguration of new overseas offices for state owned engineering firm MECON and miner NMDC.Both sides examined opportunities in green hydrogen, value added steel exports from India, and setting up calcined lime plants in RAK that would use the emirate’s limestone and natural gas. Kumaraswamy invited RAK to join Indian ..

Next Story
Real Estate

Mahindra Lifespace Buys 9 Acre Plot in Bengaluru for Rs 2 Bn

Mahindra Lifespace Developers Ltd has purchased Shreyas Stones Pvt Ltd, which owns an 8.79 acre parcel at Navaratna Agrahara in North Bengaluru, for approximately Rs 2.0 billion. The share purchase agreement transfers one hundred per cent of SSPL’s equity—10,000 shares of Rs 10 each—to Mahindra Lifespace.The site will be integrated with an adjacent Mahindra holding, creating a unified premium housing scheme with a projected gross development value of about Rs 21.0 billion. On its own, the newly acquired plot is expected to generate roughly Rs 11.0 billion in sales..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?