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.

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Infrastructure Urban

Kia India Expanding Sales and Service Network

Kia India is on track to expand its sales and service network to 700 touchpoints by the end of the year, signalling a significant boost to its presence and accessibility across the country.

The expansion plan reflects Kia India's commitment to meeting the growing demand for its vehicles and providing enhanced customer support. By increasing its touchpoints, the company aims to improve the convenience and accessibility of its sales and after-sales services for customers nationwide.

The expanded network will include a mix of dealerships, service centres, and sales outlets strategic..

Next Story
Infrastructure Urban

Kia India Expanding Sales and Service Network

Kia India is on track to expand its sales and service network to 700 touchpoints by the end of the year, signalling a significant boost to its presence and accessibility across the country.

The expansion plan reflects Kia India's commitment to meeting the growing demand for its vehicles and providing enhanced customer support. By increasing its touchpoints, the company aims to improve the convenience and accessibility of its sales and after-sales services for customers nationwide.

The expanded network will include a mix of dealerships, service centres, and sales outlets strategic..

Next Story
Infrastructure Urban

KIADB to develop 647-acre industrial park in Sarjapur

The Karnataka Industrial Areas Development Board (KIADB) has made the decision to establish its next major industrial town around Sarjapur, located within Bengaluru Urban district, after being absent from Bengaluru for many years. The decision, made during its last board meeting on February 20, entails the formation of a 647-acre layout across six villages bordering Tamil Nadu. Despite the increased demand from industries to establish their businesses in Bengaluru, this move may face strong opposition as it contradicts the government's efforts to alleviate congestion in the city.

As p..

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Adani Energy Acquires Essar's Transmission Assets

Adani Energy has finalised the acquisition of Essar's Mahan and Sipat transmission assets for a sum of Rs 1900 crore. This significant move underscores Adani's strategic expansion within the energy sector and consolidates its position as a key player in India's power transmission domain.

The acquisition of Essar's transmission assets represents a strategic investment for Adani Energy, enabling the company to augment its infrastructure and bolster its transmission network. With the addition of these assets, Adani strengthens its operational footprint, enhancing its capacity to deliver r..

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IEX Q4 Net Profit Grows 9.5%

The Indian Energy Exchange (IEX) has reported a significant uptick in its net profit for the fourth quarter, marking a notable growth of 9.5%. This financial performance underscores the resilience and strength of the company's business model in navigating through dynamic market conditions within the energy sector.

The impressive growth in net profit reflects IEX's robust operational performance and effective strategic initiatives aimed at enhancing efficiency and driving sustainable value creation. As a leading power trading platform in India, IEX plays a pivotal role in facilitating t..

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