KIMTF News and Press, Kia Motors Corp Ord From 11/01/22

Kia Motors America ( OTCPK:KIMTF ) reports sales rose 3.9% over the previous October sales record set in 2020, and an 11.9% improvement Y/Y to 58,276 units, driven by the Sportage family of SUVs, including the Sportage HEV and PHEV models, which were up 118% ov...

Summary Global electric car sales August 2022 - Up 60% YoY to 15% share. China sales up 92% YoY to 30% share. Europe up 3% YoY to 21% share. US ~6% share. EV market news - BloombergNEF: More than half of US car sales will be electric by 2030. IEA: Global "EVs to account for 60% of...

Summary The reimagined 2022 Detroit Auto Show, also known as the North American International Auto Show, finished its media and industry days with limited automakers and brands participating after a three-year hiatus in the city. Ford, General Motors and Stellantis each took up re...

Summary Tesla's title as king of the EV hill appears to be numbered in months. By 2024, serious competition, especially on price and warranties will likely plummet company market share. If Tesla is forced to slash prices to stay in business, income will disappear, and the stoc...

Summary Global electric car sales July 2022 - Up 61% YoY to 14% share. China sales up 112% YoY to 28% share. Europe down 5% YoY to 19% share. US 5% share. EV market news - USA passes the Inflation Reduction Act. China extends NEV purchase tax exemption worth 100 billion yuan to th...

The $430B Inflation Reduction Act passed by Congress includes new rules governing the electric vehicle industry. The most dramatic is that the current $7,500 EV tax credit will be replaced by incentives designed to bring more battery and EV manufacturing into the U.S.. Crucially...

Global electric car sales for June 2022 - Up 54% YoY reaching 16% share. China sales up 132% YoY to 28% share. Europe sales down 8% YoY to 21% share. EV market news - US crosses the electric-car tipping point for mass adoption. Reconciliation Bill has $369 billion to fight climate cha...

Hyundai Motor ( OTCPK:HYMLF ) unveiled the Ioniq 6 electric vehicle this week with the South Korean automaker positioning itself to challenge Tesla ( TSLA ) in more markets next year. The all-electric vehicle will be priced at $42,000. The Ioniq 6 will have several batt...

General Motors ( NYSE: GM ) and Ford ( NYSE: F ), as well as international automakers like Toyota ( TM ), Mercedes Benz Group ( OTCPK:DMLRY ), and Honda Motor Company ( NYSE: HMC ) were among major automakers recalling thousands of vehicles, according to ...

Toyota started selling its first volume-produced electric vehicle in May. It is also manufactured with a Subaru label with only minimal modifications. This particular model, the bZ4X SUV, will naturally be followed by a long list of other Toyota electric vehicles over the next few sho...