KIMTF News and Press, Kia Motors Corp Ord From 07/29/21

Hyundai Motor Co. announces that it will begin a $1.1 billion joint venture in Indonesia with South Korean battery maker LG Energy Solution, a spin-off of LG Chemical. The plant is expected to produce 10-gigawatt-hours of battery cells yearly when it is completed in 2023. A typical nuclear re...

Commercial vehicle registrations in the European Union increased 12.4% to 185,573 units in June, followed by +51.3% in May.Demand was largely driven by Central European countries +43.4%, while only two of the four key Western European markets showed positive results: Germa...

An Apple electric car (maybe called an "iCar") would be an iPhone moment (turning point) for the EV industry. The opportunity for Apple is significant. Apple is reported to be currently sourcing batteries for an electric car. Who would be the winners and losers if Apple announced ...

LMP Automotive Holdings (LMPX) +7.8% premarket on acquiring Kia dealership in Connecticut for ~$2.8M for goodwill and $6.45M for the associated real estate.This transaction will generate ~$40M in annualized revenue and $1.9M in adjusted EBITDA in 2022.The deal is expected to close i...

SES Holdings, manufacturer of high-performance hybrid Lithium-Metal rechargeable batteries for electric vehicles to list on NYSE under the ticker symbol 'SES' through business combination with SPAC Ivanhoe Capital Acquisition (IVAN) at a valuation of $3.6B.Transaction is expected to provide S...

For the last few years, Toyota RAV4 has been the best-selling nameplate in the largest non-pickup truck segment: Compact SUV-crossover. In Q2 2021, Honda CR-V overtook Toyota RAV-4 in the U.S. market thanks to 76% year-over-year growth compared to “only” 25% for Toyota. ...

June sales for the auto industry overall fell to 1.30 million vehicles, down 14.2% from June 2019, after a strong March, April, and May. The average transaction price and average per-unit gross profits have spiked to records in June. Ford’s total sales in June plunged 26.9%...

Global electric car sales for May 2021 were up 199% YoY reaching 6.6% share. Europe sales rose 158% YoY reaching 16% share, China sales rose 146% YoY reaching 12% share. EV market news - EVs a $7 trillion market opportunity to 2030. BNEF 2021 EV report forecasts 70% electric cars by 2...

Kia Motors America (KIMTF) reports sales growth of 43.1% to 68,486 units.YTD sales up 43.7% to 378,511 units."Kia closed the first-half of the year with incredibly strong sales, and this unprecedented momentum will continue as we further implement our growth strategy to gain ma...

Data by TrueCar estimates total new vehicle sales to reach 1.29M units in June (+16% Y/Y, -16% M/M), when adjusted for the same number of selling days.Excluding fleet sales, U.S. retail deliveries of new cars and light trucks is seen at 1.13M units (+11% Y/Y, -17% M/M); fleet sales ...