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Kia targeting annual sales of 1.2M BEVs by 2030; 14 BEV models by 2027 including two electric pickup trucks

Green Car Congress

Kia Corporation described its roadmap to 2030 at the company’s 2022 CEO Investor Day virtual event. The roadmap builds on Kia’s successful Plan S strategy first announced in 2020. Kia also announced its four key business targets for 2030. Becoming the number one brand in the global purpose-built vehicle (PBV) market by 2030.

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Hyundai, Kia agree to pump $16.5bn into EV production in South Korea

Teslarati

Hyundai Motor Group and affiliate automaker Kia have agreed to spend $16.5 Hyundai Motor Group, which includes Kia, Hyundai Motor, and Genesis, said the factory will build 150,000 vehicles every year, supplying Hyundai and Kia with enough volume to supply customers with EVs. million units by 2030. The planned 1.44

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Why buying a Kia EV6 or Kia EV9 is about to get easier: Australian production opens up to help chase down the Tesla Model Y and Model 3

EV Central

Kia says it has secured enough examples of its new EV9 three-row electric SUV and popular EV6 to minimise wait times, with the brand suggesting it has learned from the EV6 launch to expect demand, and lots of it. Though Kia is yet to confirm pricing and specification details for the electric SUV, which will likely drive further demand.

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Kelly Blue Book: EV prices increased slightly in March, bucking general downward trend

Green Car Congress

Sales volumes were up month over month by 20% and up 8% year over year in March 2023, thanks partly to improved supply, a better mix of lower-priced models and strong fleet sales. Most non-luxury brands—including Chevrolet, Chrysler, Dodge, Ford, Hyundai, Kia, Nissan and Volkswagen—saw ATP declines between 0.2% and 1.6%.

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Kelley Blue Book finds average EV price in US down 5.4% in January due to Tesla price cuts

Green Car Congress

The drop in pricing was driven by significant price cuts from Tesla, which commands roughly two-thirds of the EV market. Sales volumes last month were up year over year by more than 6% but down from December, thanks in part to improved supply and added fleet sales. Tesla’s average transaction prices decreased $5,440, down 8.4%

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KBB: Average new vehicle transaction price in US in December up 1.9% from November; EV ATP dropped 5.5% due to Tesla

Green Car Congress

Earlier in the year, Tesla was increasing prices, citing supply issues. Sales volumes in December were up year-over-year by more than 5% but down from November, due in part to improved supply. Honda and Kia showed the most price strength in the non-luxury market, transacting between 5% and 6% over sticker price in December.

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Tesla rivals face rising inventory — and it’s becoming an issue

Teslarati

A survey from Cox Automotive estimates that electric vehicle sales in the US auto market could surpass 1 million units for the first time in 2023. As per inventory data from Cox, the nationwide supply of electric vehicles in stock swelled by almost 350% this year to over 92,000 units. Electric cars currently account for about 6.5%