"Kia's 2030 EV sales target now stands at 1 million units annually, a reduction of roughly 20% from the previous target of approximately 1.26 million units. This adjustment reflects the impact of eliminated US EV subsidies and a slowdown in battery-electric sales."
"Kia is expanding its hybrid offerings, targeting annual HEV sales of 1.1 million units by 2030, supported by a growing lineup of 13 models. This shift aims to compensate for the reduced EV volume."
"The five-year investment plan reaches KRW 49 trillion, with a revenue target of KRW 170 trillion by 2030. Kia emphasizes that EVs, HEVs, autonomous driving, and robotics will be key drivers for its growth."
Kia's 2026 CEO Investor Day revealed a revised EV sales target of 1 million units for 2030, down from previous goals. The company plans to expand its hybrid lineup significantly, targeting 1.1 million HEV sales annually. Kia's five-year investment plan totals KRW 49 trillion, aiming for KRW 170 trillion in revenue by 2030. The strategy acknowledges the need for diverse technology investments, including robotics and autonomous driving, to drive growth amid challenges like US tariffs and reduced EV subsidies.
Read at TNW | Corporates-Innovation
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