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Kia Corporation

https://www.kia.com/

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Kia (OTC:KIMTF) is set to unveil three new electric vehicle models at their EV Day event in South Korea on October 12. The event will provide details on Kia’s EV lineup, including the EV5, an electric SUV aimed to rival Tesla Inc.’s (NASDAQ:TSLA) Model Y in China. Kia aims to sell 1.6 million EVs annually by 2030, with 15 new electric models by 2027.

Portfolio Pulse from Benzinga Neuro

October 05, 2023 | 3:36 am

Hyundai Motor Co and Kia Corp plan to reduce the prices of several electric vehicles (EVs) in response to the South Korean government's decision to expand subsidies for clean vehicles. The price cuts, which will affect models such as the Ioniq 5, Ioniq 6, Kona EV, EV6, Niro EV, and Niro Plus, are set to begin next month and last until the end of 2023. This move could intensify the price competition in the South Korean automotive industry and potentially increase international tension surrounding EV pricing.

Portfolio Pulse from Shivani Kumaresan

September 26, 2023 | 11:39 am

The upcoming Kia EV4, a subcompact electric crossover, has been spotted during testing in the U.S., leading to speculation that it might replace the electric Soul model. The EV4 is expected to have a starting price below $30,000 and could ride on Hyundai’s E-GMP platform used for all-electric Kia and Hyundai models. More details about the EV4 will be revealed later this year or early 2024.

Portfolio Pulse from Benzinga Neuro

September 20, 2023 | 9:03 am

Kia has showcased its latest electric SUV, the EV5, which is expected to compete with Tesla's Model Y. The EV5, targeting a starting price of approximately $22,000, will be launched in China on Nov. 17, with exports to other markets to follow. Kia aims for 1.6 million EV sales globally by the end of the decade.

Portfolio Pulse from Benzinga Neuro

September 07, 2023 | 4:36 am

The National Highway Traffic Safety Administration (NHTSA) has made an initial decision that some air bag inflators manufactured by ARC Automotive and Delphi Automotive from 2000 through January 2018 must be recalled. These inflators, which may rupture and eject metal debris, have been incorporated into air bag modules of 12 vehicle manufacturers including BMW, Ford, General Motors, Hyundai, Kia, Stellantis, Mercedes-Benz, Tesla, Toyota, and Volkswagen. Delphi Automotive was acquired by Autoliv, who may not have the legal liability for the inflators manufactured by Delphi.

Portfolio Pulse from Anan Ashraf

September 06, 2023 | 7:02 am

Kia America (OTC:KIMTF) reported record-breaking sales in August 2023, marking the company's most successful August sales and the second-highest monthly total in its history. The company sold 72,147 units, a 9% increase from the previous record set in 2022. Sales of battery-electric vehicles doubled compared to August 2022, and utility vehicle sales saw a 14% YoY increase. Kia also made headlines with the upcoming launch of its compact electric SUV, the EV5, in China, which is competitively priced against Tesla Inc.’s (NASDAQ:TSLA) Model Y.

Portfolio Pulse from Benzinga Neuro

September 01, 2023 | 9:27 am

Several companies have made significant announcements. Warner Bros. Discovery has appointed Mark Thompson as the new leader of CNN. Hyundai's JV is investing in Korea Zinc to bolster EV battery raw material supply. Toyota's global production and sales increased in July. JetBlue has launched a new non-stop flight from New York to Amsterdam. Alphabet is trialing a new song-searching feature on YouTube. The FDA has criticized Amazon for listing unauthorized drugs. US Steel is evaluating buyout offers. Walmart is asking some pharmacists to take voluntary pay cuts. A lawsuit against Burger King alleging deceptive advertising continues. Chevron has evacuated staff from some oil platforms due to a hurricane. Conn's reported a revenue decline in Q2 FY24, while PVH's Q2 FY23 sales grew.

Portfolio Pulse from Vandana Singh

August 30, 2023 | 2:03 pm

Hyundai Motor Co., Ltd. (OTC:HYMTF) (OTC:HYMLF) and Kia Motors Corp. (OTC:KIMTF) have signed a memorandum of understanding with Korea Zinc to collaborate on the nickel value chain for electric vehicle (EV) batteries. Their joint venture, HMG Global, plans to acquire a 5% stake in Korea Zinc for approximately $399 million. The partnership aims to establish a stable nickel supply chain, with supply commencing in 2026. By 2031, the group plans to source 50% of the nickel needed for EV batteries from this partnership.

Portfolio Pulse from Nabaparna Bhattacharya

August 30, 2023 | 1:29 pm

Hyundai Motor Co (OTC:HYMTF) and Kia Motors Corp (OTC:KIMTF) have announced the recall of over 91,000 vehicles in the U.S. due to the risk of oil pumps catching fire. The companies have urged owners to park their vehicles outside and away from structures until repairs are made. The recall affects several models from both companies. The companies plan to notify owners in late September, and dealers are expected to inspect and replace the electric oil pump controller as needed.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 2:10 pm

Tesla and BYD are leading the transition to electric vehicles, while Japanese automakers lag behind, according to a report by The International Council on Clean Transportation. The report evaluated 20 manufacturers based on their light-duty sales in 2022, actions, and zero-emission vehicle strategies.

Portfolio Pulse from Anan Ashraf

June 01, 2023 | 12:07 pm

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