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Kia suddenly shifts to hybrids, affordable EVs amid waning global demand

Baua Electric

To boost sales and fend off low-cost Chinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year. Kia’s president, Song Ho-Sung, announced Friday that “We are responding effectively to changes in the automobile market” with a new mid-to-long-term strategy. million in 2030.

Kia 52
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Kia suddenly shifts to hybrids, affordable EVs amid ‘waning global demand’

Baua Electric

To boost sales and fend off low-cost Chinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year. Kia’s president, Song Ho-Sung, announced Friday that “We are responding effectively to changes in the automobile market” with a new mid-to-long-term strategy. million in 2030.

Kia 52
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Can Electric Vehicles Speed Up As The Economy Slows Down?

Wallbox

As a result of the lockdown, automobile production ground to a halt in several leading car manufacturing countries. last month, but battery electric vehicle sales decreased by only 58.1%. Chinese car producer BYD even recorded a 337.25% increase in March sales amongst its fully electric and hybrid car models.

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