Wednesday, June 19, 2024

Kia Aims to Lift Electric-Vehicle Sales After Record Profit

Kia Corp. wants to increase sales of electric vehicles so they account for 9% of revenue by the end of the year, up from 5.5% last quarter.

Kia is part of Hyundai Motor Co., which this month committed to spending about 24 trillion won ($18 billion) to lift production of EVs to 1.5 million a year by 2030. Hyundai has set itself a goal of being one of the world’s top three EV makers, with 31 models across its brands by the end of the decade.  


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