KIMTF News and Press, Kia Motors Corp Ord From 05/17/22

The auto industry is entering a steep S-curve disruption. Legacy carmakers unable to rapidly transition to BEVs will lose market share and risk collapse and bankruptcy. Lithium battery supply chains are expanding to support the BEV transition. But geopolitical instability and inevitab...

Global electric car sales March 2022 - Up 60% YoY reaching 15% share. China sales up 118% YoY to 26% share. Europe sales were up 10% YoY to 22% share. EV market news - Biden invokes Defense Production Act to boost EV battery production. Electric car sales soar despite ballooning batte...

Hyundai launched its all-new high-end all-electric car platform in mid-late 2021, and the time has come to render the initial verdict. As of March 2022, the combined Hyundai-Kia sales rate for these electric cars has reached 240,000 per year. With the Genesis version being added t...

U.S. automakers report about double-digit declines in monthly sales volumes as chip shortage and supply chain disruptions continue to undermine light-vehicle output and shipments. Toyota Motor (NYSE:TM +1.0%) said US sales volume dropped 22.7% Y/Y to 184960 in April, with deliveries down...

EV adoption is accelerating as governments and corporations work towards meeting climate change-related emissions reduction targets. Industry forecasts have EVs reaching a 36% penetration rate by 2030, representing a $1.4 trillion opportunity. Original equipment manufacturers (OEM...

Senior officials with the Biden Administration met with high-level execs from the automobile industry to discuss a national network of 500,00 chargers. Tesla (TSLA) CEO Elon Musk, Ford Motor (F) CEO Jim Farley, Stellantis (STLA) CEO Carlos Tavares, General Motors (GM) CEO Mary Barra, Luc...

Global electric car sales Feb. 2022 - Up 99% YoY reaching 9.3% share. China sales up 176% YoY to 20% share. Europe sales were up 38% YoY to 20% share. EV market news - UK hits new record electric car market share. Germany joins EU ICE ban by 2035. Record high gas prices are driving de...

Upstart (NASDAQ:UPST) stock is advancing 7.5% in Wednesday midmorning trading after the AI-powered lending platform launched its new mobile-first auto retail online platform for car dealers. The new new platform is designed to adapt to the mobile usage of customers and to give deale...

Global electric car sales Jan. 2022 - Up 87% YoY reaching 10% share. China sales up 115% YoY to 17% share. Europe sales were up 39% YoY to 19% share. EV market news - US$5B plan to fund EV charging network over 5 years. USA Q4, 2021 EV sales up 72%. 10 electric pickups coming to the U...

Kia America (OTCPK:KIMTF) reports February sales up 2.3% Y/Y to 49,182 units. The company has set a new February record for overall electrified vehicle sales, shattering the previous record set in September 2021 by 181%. Niro line of electrified crossovers saw a 40% i...