KIMTF News and Press, Kia Motors Corp Ord From 12/01/21

The US is lagging behind in the electrification of new cars. While new government policies could help to close the gap, a full shift to electric vehicles will take many years and require massive investment. The government's aim for EVs to make up 50% of new sales by 2030 seems cha...

Global electric car sales for Sept. 2021 - Up 98% YoY, a record 10.2% share. China sales up 171% YoY to 20% share. Europe sales up 42% YoY to 23% share. EV market news - UK car sales plunge but EVs soar to record amid fuel crisis. UK boosts support for EVs. China's EV sales expected t...

Tesla (TSLA +0.6%) cars will now be available for Uber (UBER +5.3%) drivers in London to buy or lease as part of the ride-hailing company's incentive program to expand electric vehicle usage. In January 2019, Uber London added a clean air fare of 15 pence per mile to help assist drivers ...

Kia America (OTCPK:KIMTF) reports October sales fell 7.2% Y/Y to 52,067 units. In October, the automaker sold 82% of available inventory and and saw 91% Y/Y growth in sales of its hybrid and battery-electric vehicles. On YTD basis, sales expanded 25.4% to 607,592 units. "D...

Global electric car sales for August 2021 were up 114% YoY reaching 7.7% share. China sales rose 186% YoY reaching 19% share. Europe sales rose 60% YoY reaching 22% share. EV market news - Global electric passenger car sales surged 160% higher in H1 2021 led by China and Europe. U.S. ...

Global electric car sales for July 2021 were up 94% YoY reaching 7.1% share, third best month ever. China sales rose 143% YoY reaching 15% share. EV market news - Biden outlines target of 50% EV sales share in 2030. UBS forecasts 25% EVs by 2025 and 60-70% by 2030. Musk says EVs at "i...

This is a step forward for Toyota more in terms of its new factory in Alabama. Toyota will produce the Corolla Cross in this new factory, and this is unsurprisingly the crossover-SUV version of the Corolla. Looking at the Kia Seltos-Forte sales ratios in the US market, we can esti...

India predicts that new vehicle sales will increase 30% after its new scrappage policy is enacted in October, says Nitin Gadkari, India's minister for road transport and highways. Under the policy, owners that scrap their vehicles will receive 4% to 6% of the showroom price of the old vehicle...

Global electric car sales for June 2021 were up 153% YoY reaching 8.7% share. Europe sales rose 157% YoY reaching 19% share, and China sales rose 158% YoY reaching 15% share. EV market news - EU proposes end to the internal combustion engine in 2035. Bank of America sees EVs represent...

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...