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Kia Corporation

https://www.kia.com/

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Kia America sold 3,362 units of its EV9 and EV6 SUVs in July, surpassing General Motors' total Hummer EV sales for the entire second quarter. Kia's EV9 and EV6 models are more affordable compared to GM's Hummer EV, which starts at $98,845. GM's overall EV sales in Q2 were 21,930 units, with only the Cadillac Lyriq EV and Chevrolet Blazer EV exceeding 5,000 units each.

Portfolio Pulse from Anan Ashraf

August 02, 2024 | 11:29 am

Tesla Inc. (NASDAQ:TSLA) saw a 24% drop in car registrations in California in Q2, marking the third consecutive quarter of decline. Increased competition and high interest rates are driving consumers towards hybrid vehicles. CEO Elon Musk's controversial public persona is also affecting Tesla's brand. Competitors like Hyundai, Kia, BMW, Mercedes-Benz, Ford, and Rivian saw sales increases. Tesla's stock has lost over 14% in the last 12 months, but shares are trading slightly higher in premarket.

Portfolio Pulse from Shivani Kumaresan

July 19, 2024 | 12:36 pm

Consumer preferences and OEM investments are shifting from electric vehicles (EVs) to hybrids due to high costs, sparse charging infrastructure, and politicized adoption. JPMorgan analyst Bill Peterson notes that hybrid vehicles are gaining traction as a bridge solution, impacting metals and critical minerals forecasts. U.S. automakers like Toyota, Ford, Kia, and Stellantis are increasingly focusing on hybrids over EVs.

Portfolio Pulse from Surbhi Jain

May 29, 2024 | 1:28 pm

Hyundai Motor and Kia have unveiled DAL-e Delivery, an autonomous delivery robot featuring advanced technologies like autonomous driving and face identification. Designed for complex environments such as offices and malls, DAL-e Delivery can navigate obstacles and narrow passages, reaching speeds of up to 1.2 m/s. It boasts a large cargo capacity and is set to debut in the second quarter at IGIS Asset Management's 'Factorial Seongsu', aiming to transform F&B and parcel delivery services.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 6:40 am

Hyundai Motor Co and Kia Corp are intensifying their electric vehicle (EV) efforts to compete with Tesla Inc, according to Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management. Despite being cheaper, Gerber believes these EVs are not as good as Tesla's offerings. The South Korean government is supporting Hyundai and Kia with new EV policies, while Tesla continues to face challenges, including concerns about a potential production slump.

Portfolio Pulse from Benzinga Neuro

April 02, 2024 | 1:45 am

Kia Corporation (OTC:KIMTF) has announced a significant price reduction for its EV models in South Korea, including the EV6, EV9, and Niro EV, by up to $10,000. This move is part of the 'EV Festa' initiative, aimed at increasing EV production and sales in response to new government subsidies and to stay competitive against rivals like Tesla and BYD. The price cuts are also in alignment with South Korea's new EV policy to support local automakers.

Portfolio Pulse from Benzinga Neuro

February 27, 2024 | 5:35 am

Chinese EV battery maker CATL is closing in on LG as the world's top EV battery supplier, with its market share increasing significantly. The company powers Tesla and NIO's product lines and expects to triple its profits in Q3. Despite having no international stock market presence, CATL is on track to become the largest global supplier of EV battery parts. The company has seen a 111% jump in battery supplies, mostly to Tesla, Nio, Mercedes-Benz, Volvo, and SAIC Motor Corp. CATL is also in talks with Hyundai and Kia for potential deals.

Portfolio Pulse from Daniel Harrison

October 19, 2023 | 5:46 pm

The Australian High Court has ruled against the state of Victoria’s taxes on Zero and Low-Emission Vehicles (ZLEVs), stating that only the federal government can impose excise duties. This decision could boost EV adoption in Australia, where EVs represented only 8% of new car sales in September. Tesla, BYD Co Ltd, Hyundai Motor, and Kia are popular EV makers in Australia. The ruling is also expected to deter other Australian states from introducing similar taxes.

Portfolio Pulse from Anan Ashraf

October 18, 2023 | 8:38 am

Analysts predict a potential spike in the stock price of China's largest EV maker, BYD Company Limited (OTC:BYDDF) (OTC:BYDDY), due to rising sales, improving margins, and rapid overseas expansion. Despite underperforming compared to peers like Tesla Inc (NASDAQ:TSLA), XPeng Inc (NYSE:XPEV), and Li Auto Inc (NASDAQ:LI), BYD is seen as undervalued. The company's battery business, which supplies many EV manufacturers and holds 16% of the global EV battery market, has helped maintain profit margins over 18%. DBS Bank and Livy Investment Research have bullish outlooks for BYD, citing strong vehicle sales, a net cash balance of $8.4 billion, partnerships with companies like Apple Inc (NASDAQ:APPL), and a solid overseas market strategy.

Portfolio Pulse from Daniel Harrison

October 16, 2023 | 2:09 pm

Kia (OTC:KIMTF) has unveiled three new electric models, including The Kia EV5, The Kia Concept EV3, and The Kia Concept EV4, at the brand's annual Kia EV Day in Korea. The EV5 will be produced in both China and Korea, with three variations available in the Chinese market. Kia also announced plans to develop a wide-ranging EV line-up priced from $30,000 to $80,000.

Portfolio Pulse from Nabaparna Bhattacharya

October 12, 2023 | 3:15 pm

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