The EV5 is expected to be among Kia’s best-selling vehicles. Following its initial success, Kia revealed plans to introduce a new high-volume electric SUV. Here’s what we know about the new EV so far. Kia announces a new EV SUV for 2029 After posting its best first-quarter sales in company history, Kia revealed its ambitious plans to drive “exponential growth” over the next four years. During its CEO Investor Day, the Korean automaker announced its mid- to long-term strategy. By 2030, Kia aims to sell 4.13 million vehicles, up from roughly 3.14 million last year. Following a major rebrand in 2021, Kia’s global sales have surged by over 58%, but the company is betting on new electrified vehicles, software, autonomous driving, and robotics to sustain that growth. “EVs, HEVs, autonomous driving, and robotics will serve as key drivers for Kia’s fastest growth to date,” Kia’s CEO, Ho Sung Song, said during the event. The plans include its body-on-frame pickup with hybrid and extended range electric vehicle (EREV) powertrains, due out by 2030. Kia will also launch three new all-electric vehicles, expanding its lineup to 14. By 2030, Kia plans to offer 9 electric SUVs, 2 passenger EVs, and 3 PBV electric vans. After launching the EV2 in Europe earlier this month, Kia already offers an electric option in nearly every segment alongside the EV3, EV4, EV5, EV6, and EV9. Meanwhile, Kia is doubling down on the “high-volume SUV segment” with the EV5 and a new C-segment SUV EV. The EV5 is a midsize electric SUV that’s about the size of the Sportage. After launching in China in 2023, it’s been a key part of Kia’s comeback in the country. After opening orders in Europe, Canada, Australia, South Korea, and other global markets, Kia expects it to become one of its
Kia is launching a new high-volume electric SUV following the EV5's success
Read the original article
electrek.co →