Latest news with #KiaCorporation
Yahoo
4 days ago
- Automotive
- Yahoo
Kia reports record revenues in Q2
Kia Corporation reported a 6.5% rise in revenues year-on-year to a record KRW 29.35 trillion in the second quarter of 2025, driven by strong global demand for its hybrid models, higher average selling prices (ASP) and favourable exchange rates. The South Korean automaker saw its operating profit plunge by over 24% to KRW 2.77 trillion, however, reflecting higher sales incentives and a much tougher international trade environment, following the recent US import tariff hikes. The company's operating margin was still a highly respectable 9.4%. Net profits, including non-controlling interests, fell by 23.3% to KRW 2.27 trillion. Switch Auto Insurance and Save Today! Affordable Auto Insurance, Customized for You Great Rates and Award-Winning Service The Insurance Savings You Expect Kia's global vehicle sales increased by 2.5% to 814,888 units in the second quarter of 2025, driven by a 14% rise in sales of electrified models to 185,000 units. Domestic sales were lifted by the recent launch of the EV4 battery-powered sedan and the Tasman pickup truck, while US sales were helped by strong demand for the Carnival Hybrid MPV and K4 sedan and sales in India were supported by the recent launch of the Syros compact SUV. Kia also reported strong growth in markets in the Middle East and Africa, while sales in Europe declined, in line with weak overall market demand and slowing Sportage uptake ahead of the launch of the Sportage PE, which is scheduled to be unveiled in the third quarter. Outlook Kia said it will continue to adopt flexible strategies to deal with the ongoing global market uncertainties, including maintaining appropriate inventory levels and demand-based production, implementing incentive strategies centered on profitability and customer value. In South Korea, the automaker will continue to focus on expanding sales of hybrid models, including hybrid versions of Sportage, Sorento and Carnival models, as well as expanding its BEV range with the launch of the EV5 and PV5 models. In the US the company will continue to focus on enhancing profitability by increasing the supply of hybrid versions of the Sportage, Sorento and Carnival models, while in Europe it plans to launch the EV4 in the third quarter. In India the company will soon introduce its first full-electric, made-in-India Carens Clavis EV, while also strengthening its dealer network. Kia said it remains committed to completing its full EV lineup by 2026, including rolling out its new EV4, EV5, and EV2 models globally. The company will continue to expand its global presence by offering more hybrid models and entering new segments, including hybrid versions of the Telluride and Seltos SUVs, which will line up alongside a growing range of PBVs and pickup trucks. "Kia reports record revenues in Q2" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Al Bawaba
4 days ago
- Automotive
- Al Bawaba
Kia PV5 Tech Day: Technology for Limitless Mobility
Kia Corporation held The Kia PV5 Tech Day today at the IVEX Studio in Gwangmyeong, unveiling the development story, core concept and next-generation technologies behind its first dedicated Platform Beyond Vehicle (PBV), the Kia line with its global strategy to provide sustainable mobility solutions for all, Kia is setting a new benchmark for the rapidly evolving PBV market with the PV5, which is now moving into mass production with next-generation platform engineering and customer-led product development at its under the theme 'Technology that adapts, mobility that expands', the event showcased Kia's strategy to deliver flexible, future-ready mobility solutions that transcend traditional commercial vehicles — strengthening its position as a leader in sustainable, customer-driven innovation.'The Kia PV5 is more than a vehicle – it's the starting point of an entirely new, revolutionary, flexible mobility ecosystem shaped by real customer input from day one,' said Seokha Ju, Vice President and Head of MSV Project Group 3 at R&D Division. 'Our dedicated PBV platform and conversion ecosystem prove that Kia's PBVs can adapt to almost any need — redefining how people and businesses move.'Customer-led development for maximum usabilityKia developed the PV5 through a PBV-exclusive process that actively integrated customer input from the ground up. Going beyond traditional customer research, Kia directly collaborated with global business clients in shaping both the hardware and software of the part of this initiative, Kia hosted PBV Partners Day in 2022 and 2023, gathering over 120 customers from Korea, Europe, North America, the Middle East and Japan. These partners contributed hands-on feedback based on real-world business needs across mobility, logistics, delivery and suggestions directly shaped key features — including the removal of the front passenger seat to expand cargo space, the use of stain-resistant materials, and a 'walk-through' option on High-Roof versions that allows occupants to move between the cabin and cargo area without exiting the also worked closely with mobility-impaired users to develop the PV5 WAV (Wheelchair Accessible Vehicle), featuring a gentle-sloped side-entry ramp, universal securing systems and a spacious low floor — addressing accessibility needs often overlooked in the efforts were driven by Kia's three core PBV development strategies: minimizing total cost of ownership (TCO), delivering PBV-specialized development and building a scalable ecosystem across both hardware and platform technology for adaptable performanceAt the heart of the PV5 is Hyundai Motor Group's (HMG) first dedicated PBV platform — the Electric-Global Modular Platform for Service (E-GMP.S). Building on the Group's proven E-GMP EV technology, E-GMP.S features an Integrated Modular Architecture (IMA) that standardizes complex systems — including batteries, motors, suspension and underbody structures — to simplify development. By increasing the commonality of strategic modules, IMA supports horizontal deployment across vehicle segments, significantly reducing development maximize interior space, key Power Electric (PE) system components are optimally arranged within the 'PE room', with the driver's seat also positioned further forward than in a typical MPV. A low floor is made possible by adopting a suspension layout optimized for this architecture, while a multi-skeletal crash structure combined with ultra-high-tensile steel elements provides exemplary protection for occupants, cargo and critical safety is further enhanced through a reinforced front subframe, elevated ground clearance for improved protection across varied driving conditions and wider buffer zones between the battery pack and the vehicle body to protect against physical also designed E-GMP.S with serviceability in mind: modular brackets simplify maintenance, lowering the total cost of ownership for fleet operators. Kia's dedicated PBV software ecosystem — including a fleet management system (FMS) and Android Automotive-based infotainment — enables business customers to manage, monitor and update their vehicles in real reduce total cost of ownership across the entire vehicle lifecycle, Kia optimized parts sharing and tailored its battery and motor systems for specific use cases, enhancing overall cost PV5 is available with a choice of three battery configurations: a 43.3 kWh LFP pack, a 51.5 kWh NCM pack and a 71.2 kWh NCM pack — all paired with a 120 kW electric motor producing 250 Nm of Body System: building-block modularity for real-world versatilityKia's Flexible Body System is a groundbreaking new design and production approach introduced for the first time on the PV5. Inspired by a building-block-style assembly, this PBV-specialized technology modularizes major components such as body structures, doors, tailgates, and both exterior and interior panels. This enables the flexible development and production of diverse vehicle configurations, while enhancing both design versatility and manufacturing front cabin and first-row structure are standardized across all PV5 variants, while rear-end modules, quarter glass, and roof height can be flexibly swapped like puzzle pieces. This allows Kia to configure up to 16 different PV5 variants using just a handful of modular Kia offers seven base configurations, including passenger (long), cargo standard, cargo long and cargo high roof models. Among them, the cargo long variant is created based on the cargo standard model: by moving the rear overhang module to the back of the platform and inserting a long-body module. That same long-body base can easily be converted into a passenger model by swapping the quarter glass and tailgate models — demonstrating the system's efficiency and further enhance body flexibility, structural integrity and repairability, Kia has also introduced dual-layer plastic composite rear garnishes with a three-piece design. These can be customized by size, shape and finish to suit different use cases and markets. The composite structure allows damaged sections to be easily and affordably replaced without disassembling the entire rear body improved chassis durability and noise, vibration and harshness (NVH) performance, a ring-type exoskeletal frame reinforces the rear of the vehicle, while Long Body variants receive an extended dual-ring exoskeletal structure to enhance stiffness in both the rear-end and overhang the exterior styling has been engineered for efficiency. Two types of stamped steel panels are used, depending on the second row sliding door and quarter glass configurations. Both panel types are shared across multiple variants, streamlining production while still offering distinctive space, seamless modularityWith E-GMP.S and the Flexible Body System working in tandem, the PV5 delivers best-in-class space and usability. Although its overall length (4,495mm standard, 4,695mm long) places it in the C-segment, the PV5's 2,995mm wheelbase and low-floor design maximize interior space and cargo variants offer up to 3.6 m³ of cargo space with the second-row seats folded, delivering mid-size van practicality within a compact footprint. Despite its long wheelbase, the PV5 maintains a compact 5.5-meter turning radius for easy maneuverability in tight urban PV5 portfolio includes versatile seating layouts — such as 2-3-0, 2-2-3, and 1-2-3 — alongside cargo variants in standard, long, and high roof formats. Step heights of just 399mm at the sliding door and 419mm at the tailgate, combined with the low-floor design, enable easy second-row access for all passengers, including children and older long models offer up to 4.4 m³ of volume, while High Roof variants extend to 5.1 m³. The High Roof also includes a walk-through option with a partition sliding door and a pop-up passenger seat, allowing movement between the cabin and cargo area without exiting the Genuine Accessories further enhance usability, with options such as a luggage-flattening deck for camping and a cargo-floor leveling kit for large items or pallets. Additional smart storage solutions include top-tray USB ports, floor and door scuff trays, sliding center trays and large door PV5 also features a PBV-specific infotainment system built on Android Automotive OS, supporting a range of business-oriented features — including the Pleos App Market, which enables the use of third-party apps, and dedicated control of vehicle body functions for conversion models. This system is paired with the open-source AddGear platform — which allows users to attach accessories such as smartphone mounts, payment terminals or other business tools within the cabin — as well as roof mounting points and L-Track interfaces. Together, these form an expandable digital ecosystem tailored for business features include Kia's second-generation pedal misapplication prevention system and walk-away auto door locking for added convenience and by designBeyond its base models, the PV5 was designed from day one to enable seamless conversions. The new PBV Conversion Center, launching at the time of production, will offer factory-quality conversions built to the same durability and safety standards as Kia's core models are pre-prepped with non-essential components removed — such as seats and trim — and come equipped with power supply points, PBV-specific control units and infotainment compatibility. This simplifies integration for conversion Conversion Portal System gives global partners secure access to technical data, manuals and a one-on-one technical hotline — enabling high-quality, certified modifications this comprehensive conversion system and scalable hardware, Kia enables customers to implement tailored mobility solutions optimized for their daily operations and begins – with more to comeMass production of the first PV5 Passenger and Cargo Long models begins this month, with additional variants to follow sequentially. Kia plans to expand its PBV lineup — with the PV7 joining in 2027 and the PV9 arriving in 2029 — offering larger models to meet a broader range of business and lifestyle needs. These models reflect Kia's long-term strategy to PBVs as a key driver of sustainable growth, establishing a revolutionary and flexible mobility ecosystem shaped by real customer needs and powered by software-driven innovation.
Yahoo
7 days ago
- Automotive
- Yahoo
Kia reports record quarterly revenue despite profit decline
-- Kia Corporation on Friday announced record quarterly revenue of KRW 29.35 trillion in the second quarter of 2025, representing a 6.5% increase YoY, despite a 24.1% drop in operating profit to KRW 2.77 trillion. The South Korean automaker achieved its highest-ever quarterly global sales of 814,888 vehicles, up 2.5% YoY, driven by strong hybrid model demand and new vehicle launches. The company maintained a 9.4% operating profit margin, which it claims is the highest among major global automakers, though profits were pressured by higher incentives and global trade challenges. "Robust sales of hybrid models in global markets, higher average selling price, and favorable exchange rates helped support our record revenue results," said a Kia executive. Net profit including non-controlling interest fell 23.3% YoY to KRW 2.27 trillion. Electrified vehicle sales grew 14% to 185,000 units, now representing 23.4% of Kia's global sales compared to 21.4% a year earlier. Hybrid models led this growth with a 23.9% increase to 111,000 units, while battery-electric vehicle sales rose 8.3% to 59,000 units. Regional performance varied, with strong results in North America from the Carnival (NYSE:CCL) Hybrid MPV and K4 sedan. The new EV4 electric sedan and Tasman pickup boosted Korean sales, while the Syros SUV launch drove growth in India. European sales declined slightly due to industry-wide demand weakness. Looking ahead, Kia plans to maintain sales momentum by expanding its hybrid lineup and completing its full electric vehicle range by 2026, including the upcoming EV4, EV5, and EV2 models. The company will also enter new segments with vehicles like hybrid versions of the Telluride and Seltos SUVs. Related articles Kia reports record quarterly revenue despite profit decline Risks Rising? Smart Money Dodged 46%+ Drawdowns on These High-Flying Names Apollo economist warns: AI bubble now bigger than 1990s tech mania
Yahoo
21-07-2025
- Automotive
- Yahoo
Kia chooses CATL to power domestic EV5
Kia Corporation has decided to use batteries produced by Chinese manufacturer Contemporary Amperex Technology Company Ltd (CATL) for the domestic version of its new EV5 battery electric vehicle (BEV), according to local reports citing industry sources. Earlier this month, the South Korean automaker unveiled images of the domestic version of the new EV5 SUV ahead of its planned launch in its domestic market in September. The model, based on its parent company Hyundai Motor Group's Electric-Global Modular Platform (E-GMP), will join an expanding range of Kia battery-powered vehicles, which includes the EV3, EV4, EV6, EV9, and the PV5 minibus/van. Switch Auto Insurance and Save Today! Great Rates and Award-Winning Service Affordable Auto Insurance, Customized for You The Insurance Savings You Expect According to the sources, Kia has decided to use CATL's nickel cobalt manganese (NCM) batteries for the domestic version of the model, to be produced at the Kia Autoland Gwangju plant, rather than BYD's cheaper lithium iron phosphate (LFP) batteries, which are used in the EV5s already produced and sold in China. The sources claim that CATL's NCM batteries, which are said to be cheaper than the equivalents produced by South Korea's top three battery manufacturers, were seen as more suitable for the South Korean market. Kia already uses CATL's NCM batteries in its Niro EV, Ray EV, and PV5. Domestic suppliers such as LG Energy Solution, Samsung SDI, and SK On have stepped up their overseas expansion due to rising competition from the Chinese and are also accelerating the introduction of cheaper LFP batteries. "Kia chooses CATL to power domestic EV5" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-07-2025
- Automotive
- Yahoo
LG BRINGS PREMIUM STREAMING TO NEW KIA MODELS IN EUROPE WITH WEBOS AUTOMOTIVE CONTENT PLATFORM
Proven In-Car Entertainment Solution Delivers Immersive Media Experiences and Transforms New Kia Models into "Living Spaces on Wheels" SEOUL, South Korea, July 16, 2025 /PRNewswire/ -- LG Electronics (LG), a leading innovator in mobility technology, announced that its webOS-based Automotive Content Platform (ACP) will power in-car streaming for Kia Corporation's new European models. Debuting on the recently introduced EV3, the platform will also be extended to the upcoming EV4, EV5 and New Sportage. This marks an expansion of LG's innovative in-car experience to the European market, following successful deployments in Korea. LG's ACP runs on the powerful and versatile webOS platform, which already powers over 240 million LG Smart TVs worldwide. Building on the TV platform's proven reliability and intuitive user experience, the automotive-optimized webOS offers drivers and passengers instant access to a wide array of content and services, tailored specifically for the in-car environment. As a core component of "LG AlphaWare," the company's comprehensive software-defined vehicle (SDV) solution suite, the ACP redefines the car as a true "living space on wheels." The platform allows passengers to stream their favorite content directly on the vehicle's infotainment display,* delivering an experience comparable to that of a smartphone or smart TV – while adhering to driving safety regulations. Kia's European model lineup will offer a diverse in-car entertainment experience, featuring popular content from platforms including Netflix, Disney+, YouTube, LG Channels, Baby Shark World for Kids, Stingray Karaoke, Haystack News and Vasari. Later this year, the content library will expand to include Rakuten TV, Napster, and German OTT service Joyn. Available only when parked, these video streaming services let occupants turn the car into a private cinema – further enhancing the in-car media ecosystem. "By bringing the webOS Automotive Content Platform to Kia's European model lineup, we are making it easy for people to enjoy their favorite content wherever they go," said Eun Seok-hyun, president of the LG Vehicle Solution Company. "LG remains committed to enhancing partnerships and expanding our content ecosystem to deliver premium in-vehicle entertainment and next-level connectivity." * An automotive data plan is required to access streaming services. Access to certain apps may require a separate subscription. About LG Electronics Vehicle Solution Company The LG Vehicle Solution Company (VS) is bringing LG's unique human-centered innovations to the automotive industry. As a trusted and innovative partner, the company provides intelligent solutions including head units, displays, connectivity, ADAS vision systems, and software solutions for software-defined vehicles. Committed to "Driving Better Future Mobility," the company has diversified its portfolio to further strengthen its capabilities, including automotive lighting systems, e-powertrain, and cybersecurity. For more information, visit To stay updated with the latest news, subscribe to the LG mobility newsletter, LG Loop at and follow the LG VS Company LinkedIn channel at View original content to download multimedia: SOURCE LG Electronics Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
