Kia Corp unveils three smaller-medium-sized EVs to speed its electrification ambitions
© Reuters. FILE PHOTO: A KIA logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/David 'Dee' Delgado/File Photo
Kia said it plans to develop a wide-range of EV models priced from $30,000 to $80,000 and aims to launch smaller EVs like the EV5, EV4, and EV3, with prices ranging from $35,000 to $50,000. Those EV 5s sold in China would adopt lithium-phosphate-iron batteries, while EV5s in South Korea would adopt more expensive nickel-cobalt-manganese batteries, said Kia President Song Ho Sung.
“The EV market is expanding from one catering to the smaller early-adopter group to a more broader mass majority of customers ... Our competitive, growing EV line-up will accelerate the popularization of electric vehicles and provide consumers with more options from which to choose,” said Spencer Cho, head of the Global Business Planning Sub-Division at Kia.
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