Latest news with #KiaCorporation
Time of India
11 hours ago
- Business
- Time of India
Hyundai, Kia sell shares worth Rs 690 crore in Ola Electric via bulk deal
Hyundai Motor Company and Kia Corporation sold shares worth around Rs 690 crore in electric two-wheeler maker Ola Electric through open market transactions on Tuesday, according to NSE bulk deal data. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Hyundai offloaded 10.8 crore shares at Rs 50.7 apiece, amounting to Rs 551.9 crore, while Kia sold 2.7 crore shares at Rs 50.5 apiece, totalling Rs 137.3 crore. US investment bank Citigroup purchased shares worth Rs 435.4 crore in Ola Electric during the same sessions.
NZ Autocar
19-05-2025
- Automotive
- NZ Autocar
Kia President and CEO checks out New Zealand operation
Kia Corporation President and CEO, Mr Song Ho-Sung, visited New Zealand recently. He dropped in on Kia's head office and the country's number one selling Kia dealership. Mr Song's journey here was an opportunity to hear firsthand how Kia is doing in New Zealand. He also saw visited the first dealership in the country that is sporting the new Kia corporate identity. The Managing Director of Kia New Zealand, Todd McDonald commented: 'Mr Song's visit provided a forum to discuss strategic alignment and highlight our shared vision of business-orientated goals.' He added 'Global support of our local direction – especially with Tasman Ute and new EV models waiting in the wings – is critical to our ongoing success. 'His visit reinforced to our staff, dealer network as well as customers that the Kia Corporation values and appreciates New Zealand. It is an illustration of their commitment to our market.' Kia NZ releases Tasman pricing here. 'In addition to invaluable time with Mr Song, it was also an excellent opportunity to gain insight into future products and exciting innovations we can expect to see in the not-too-distant future.' Giltrap Group Executive Directors, Michael and Richard Giltrap, were on hand to greet Mr Song and introduce him to the staff at the Group's North Shore location. Read our news item on Kia EV4 here. 'Kia is an integral part of the Giltrap Group's new model portfolio, especially in the EV space and also with the new Tasman Ute. So it was a privilege to host Mr Song while he was in Auckland,' said Michael Giltrap. 'It's a real sign of belief in the product that the President and CEO decided to come to our showroom. It also provided a great confidence boost for our team.' Mr Song's visit followed Kia New Zealand's inaugural EV Day. It is a precursor to the impending launch of the Tasman Ute and upcoming release of the EV4. Both new models will go on sale here in Q3.
India Today
14-05-2025
- Automotive
- India Today
Kia PV5: Here is a Kia EV that can accommodate a wheelchair within
Kia Corporation has showcased its latest innovation in accessible mobility, the PV5 WAV (Wheelchair Accessible Vehicle). The PV5 WAV, which is based on Kia's advanced Platform Beyond Vehicle (PBV) architecture, has been designed to meet the demand for electric mobility options tailored to the needs of specially abled individuals. The Kia PV5 will launch in Korea and Europe in the second half of 2025, advertisementThis electric WAV has been developed in response to increasing global demand for accessible vehicles, fueled by aging populations and evolving mobility policies. As internal combustion engine (ICE) vehicles—traditionally converted into WAVs—are phased out, electric WAVs are becoming essential for transport operators and individuals entirely at Kia's Hwaseong EVO Plant in South Korea, the vehicle benefits from an eco-conscious production process and will be equipped with an AAOS-based open software platform to enhance digital accessibility for users. How does it work? The PV5 features a side-entry system with a 300kg-rated ramp, allowing users to board safely and easily from the sidewalk. Inside, a universal wheelchair belt fastening system securely anchors the wheelchair, providing stability comparable to standard passenger seating. The vehicle also includes a third-row tip-up seat and second-row seating access to maximise space and visibility for the user. advertisementKia first introduced the PV5 at its 2025 EV Day held in Tarragona, Spain, on March 1. The vehicle's design reflects Kia's 'Opposites United' philosophy, blending modern, streamlined aesthetics with practical, rugged utility. Inside, the cabin features bold color schemes and sustainable materials such as thermoplastic olefin (TPO) and bio-based polyurethane (PU), ensuring both durability and environmental PV5 is underpinned by Kia's E-GMP.S platform, a dedicated electric skateboard architecture that supports modular body styles. This adaptability allows the PV5 to serve a variety of purposes, including passenger transport, cargo delivery, and specialised applications. Battery pack and rangePowering the PV5 are battery options of 51.5kWh and 71.2kWh NCM units, along with a 43.3kWh LFP battery specifically for the Cargo model. A 120kW front-mounted motor produces 250Nm of torque, delivering strong performance suitable for both city and rural driving. With a driving range of up to 400km and the ability to fast-charge from 10% to 80% in just 30 minutes, the PV5 is built for both convenience and terms of tech, the PV5 comes equipped with an Android Automotive OS-based infotainment system, supporting seamless connectivity and over-the-air (OTA) software updates. Additionally, its Vehicle-to-Load (V2L) functionality allows the car to power external devices, adding to its to Auto Today Magazine
Yahoo
03-05-2025
- Automotive
- Yahoo
Kia reports record revenues, higher deliveries in Q1
South Korean automaker Kia Corporation reported a 6.9% increase in global revenues to KRW 28.02 trillion in the first quarter of 2025, representing its highest-ever quarterly revenue. The improvement was underpinned by strong global sales, higher average selling prices and favorable exchange rates. Kia said its operating profit fell by 12.2% year-on-year to KRW 3.01 trillion in the three-month period, equivalent to an operating margin of 10.7%, which it attributed to incentives carried through from 2024 and slowing demand growth. This offset the benefits of its strong product mix, which is increasingly focused on high-margin and high-value-added models, as well as stable raw material costs and favorable exchange rates. Kia pointed out that the first quarter of 2025 was the tenth consecutive quarter with an operating profit margin of over 10%, since the fourth quarter of 2022. Net profit dropped by 14.8% to KRW 2.39 trillion, including non-controlling interests. Kia reported a 1.6% increase in first-quarter global vehicle deliveries to 772,648 units from 760,514 a year earlier, with sales in South Korea falling by 2.4% to 134,564 units while overseas sales increased by 2.5% to 638,084 units. Global sales of electrified vehicles, including battery electric vehicles (BEVs) and hybrids, increased by almost 11% to 174,000 units, accounting for around 23% of its total vehicle sales. Hybrid electric vehicle (HEV) sales rose by 10.6% to 104,000 units, while plug-in hybrid (PHEV) sales rose by 26% to 14,000 units and BEV sales increased by 27% to 56,000 units. The company reported a strong sales performance in North America, driven by continued strong demand for hybrid (HEV) models including the Carnival Hybrid and Sportage Hybrid. Sales also increased in India, driven by the recent launch of the Syros SUV, as well as in markets including the Middle East and Central and South America. In Europe, sales were down slightly due to deferred demand ahead of the launch of the Sportage PE, scheduled for the second quarter. Outlook Kia said that as global market uncertainties continue, including heightened geopolitical tensions and weakening consumer purchasing sentiment, it will continue to react flexibly and closely manage its inventories while implementing incentive strategies centered on profitability and customer value. In its domestic market, volumes are expected to be supported by the launch of the EV4 and EV5 BEVs and hybrid models, as well as the launch of new commercial vehicle models such as the PV5 PBV and the Tasman pickup truck. In the US, sales in 2025 will be supported by the launch of the EV6 and EV9 BEVs and hybrid versions of the Sorento and Sportage SUVs and the Carnival MPV. In Europe, the company plans to launch the EV4 and EV5 models this year as well as the PBV5, following the recent launch of the EV3. "Kia reports record revenues, higher deliveries in Q1" 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
Yahoo
11-04-2025
- Automotive
- Yahoo
Kia cuts its 2030 sales target to 4.19 million vehicles
South Korean automaker Kia Corporation revealed its updated mid-term business plan at the Kia CEO Investor Day conference in Seoul this week, with the company lowering its 2030 annual sales target to 4.19 million units from 4.3 million citing macroeconomic challenges and growing geopolitical risks. Kia's president and CEO, Ho Sung Song, told investors the company is aiming for a 4.5% global market share by 2030, supported by a 17% increase in global production capacity from 3.63 million to 4.25 million units. By the end of the decade, the company is targeting annual revenues of KRW 170trn (US$117bn) and an operating margin of 10%. By region, the company said it is targeting annual sales of 1.11 million vehicles in North America, 774,000 units in Europe, 580,000 units in South Korea and 400,000 units in India. Kia also revealed it is targeting a 4.3% share of the global battery electric vehicle (BEV) market by 2030 with annual sales of 1.26 million units, including new models such as the EV3, EV4, EV5. This target also includes 250,000 PBV sales, supported by the launch of the PV5 in 2025, PV7 in 2027 and PV9 in 2029. The company is also targeting 1.07 million hybrid and plug-in hybrid sales by the end of the decade, with ten xHEV models available. Kia said it is targeting 80,000 annual sales of its new Tasman pickup truck, which will also be available with electrified powertrains, for a 6% share of segment sales. A new electrified pickup is planned for the North American market, targeting 90,000 annual sales in the long term. The company, in collaboration with Hyundai Motor, is also committed to developing next-generation technologies such as software-defined vehicles (SDVs), autonomous driving, robotic integration and multimodal transport networks with advanced air mobility (AAM) solutions. The company plans to launch its 'SDV Pace Car' in 2026, with Level 2+ autonomous driving to feature from 2027. "Kia cuts its 2030 sales target to 4.19 million vehicles" 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
