Kia to Invest Nearly W30 Trillion in EVs

  • Arirang News

    January 15, 2020 09:28

    Kia is planning to make a massive investment to ramp up its electric vehicle lineup.

    The automaker said on Tuesday that it will spend W29 trillion to release 11 electric models and account for 6.6 percent of the global EV market by 2025 (US$1=W1,159).

    Through the investment, it aims to reach annual sales of 1 million eco-friendly cars, including 500,000 EVs, in overseas markets except for China.

    Kia will also introduce a newly designed logo to refresh its brand and attract younger customers.

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