* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, June 29, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Emerging Memory and Storage Technology Market Analysis Report 2025-2034 | AI and HPC Boom Fuels Surging Demand for Fast, Low-Power Memory Devices – Yahoo Finance

    How AI and HPC Are Driving Explosive Growth in Fast, Low-Power Memory Technologies Through 2034

    Ostin Technology (OST): Volatility’s Warning or Contrarian Opportunity? – AInvest

    Ostin Technology (OST): Navigating Market Volatility – Red Flag or Hidden Opportunity?

    St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

    St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

    Wayve Expands Engineering Leadership to Power Next-Gen Autonomous Driving Technology – Silicon Canals

    Wayve Boosts Engineering Leadership to Accelerate Next-Gen Autonomous Driving Innovation

    Frontdoor Announces Tech Expert Dr. Bala Ganesh as Chief Technology Officer – Business Wire

    Frontdoor Appoints Tech Visionary Dr. Bala Ganesh as New Chief Technology Officer

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Susquehanna Raises Penn Entertainment Inc. (PENN) Price Target. – Yahoo Finance

    Susquehanna Raises Price Target for Penn Entertainment Inc. (PENN)

    George Lopez is coming to Spokane – KXLY.com

    George Lopez is coming to Spokane – KXLY.com

    Netflix unveils Dallas immersive venue for fans of hit shows like ‘Squid Game,’ ‘Stranger Things’ – Houston Chronicle

    Step Inside Netflix’s New Dallas Immersive Experience Featuring Hits Like ‘Squid Game’ and ‘Stranger Things

    ‘Puttin’ on the Ritz’: Civic Players bring ‘Young Frankenstein’ to life – Yahoo

    Civic Players Deliver a Hilarious and Unforgettable Performance of ‘Young Frankenstein

    ‘Wheel of Fortune’: Amputee Wins $60,000 After Breaking Incredible ‘Curse’ – Hastings Tribune

    Wheel of Fortune’ Amputee Breaks Incredible ‘Curse’ to Win $60,000!

    North Star Sports & Entertainment Network: Coming soon – KTTC News

    North Star Sports & Entertainment Network: Coming soon – KTTC News

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

    Emerging Memory and Storage Technology Market Analysis Report 2025-2034 | AI and HPC Boom Fuels Surging Demand for Fast, Low-Power Memory Devices – Yahoo Finance

    How AI and HPC Are Driving Explosive Growth in Fast, Low-Power Memory Technologies Through 2034

    Ostin Technology (OST): Volatility’s Warning or Contrarian Opportunity? – AInvest

    Ostin Technology (OST): Navigating Market Volatility – Red Flag or Hidden Opportunity?

    St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

    St. Francis Medical Center brings advanced robotic surgery technology to Northeast Louisiana – KNOE

    Wayve Expands Engineering Leadership to Power Next-Gen Autonomous Driving Technology – Silicon Canals

    Wayve Boosts Engineering Leadership to Accelerate Next-Gen Autonomous Driving Innovation

    Frontdoor Announces Tech Expert Dr. Bala Ganesh as Chief Technology Officer – Business Wire

    Frontdoor Appoints Tech Visionary Dr. Bala Ganesh as New Chief Technology Officer

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

Kia China Executive: Will Not Withdraw from China

November 4, 2023
in Technology
Kia China Executive: Will Not Withdraw from China
Share on FacebookShare on Twitter

Recently, Yang Honghai (Richard), Chief Operating Officer of Kia China, stated during a media briefing after the Kia EV5 static evaluation event that it is impossible for Kia to withdraw from the Chinese market. He dismissed these rumors as false information created by some self-media outlets for the sake of generating traffic. The entire research and development team in China has put in tremendous effort into the global model EV5, and we will steadfastly advance on the path of electric vehicle electrification.

The Kia EV5 is the first domestically produced battery electric SUV by South Korean automaker Kia in China. It was previously pre-sold at the 2023 Chengdu Auto Show, with a pre-sale price range of 159,800 to 229,800 yuan (approximatly $21,837-31,402). It is expected to be officially launched at the 2023 Guangzhou Auto Show. The Kia EV5 is positioned as a compact battery electric SUV, with dimensions of 4615/1875/1715mm (length/width/height) and a wheelbase of 2750mm. In terms of powertrain, the Kia EV5 is equipped with a front-mounted single motor with a maximum power output of 160 kW and maximum torque of 310 Nm. For its battery, it will use lithium iron phosphate batteries produced by Xiangyang Fudi Battery Co., Ltd. As for suspension, the Kia EV5 will feature front MacPherson struts and rear multi-link independent suspension systems.

According to the plan, this year will be the first year for Kia’s entry into the Chinese electric vehicle market. Starting from 2023, Kia will launch at least one pure electric vehicle based on the Electric-Global Modular Platform (E-GMP) in the Chinese market every year. By 2027, a total of six EV models will be launched. It is expected to achieve an annual sales volume of 450,000 units by 2030, with EV models accounting for 40% and reaching 180,000 units.

SEE ALSO: Chinese Joint Venture of South Korean Automaker Kia Faces Financial Crisis

In addition to the Kia EV5, the Kia EV6 has been launched at the 2023 Chengdu Auto Show. This is Kia’s first electric vehicle built on the E-GMP platform, with a suggested price range of 282,800 to 419,800 yuan (approximatly $38,645-57,366). Furthermore, Kia plans to introduce a flagship electric SUV called the EV9 in 2024. Then from 2025 to 2027, they will respectively release an entry-level pure electric SUV, a high-end electric sedan, and a mid-size pure electric SUV. These products aim to bring more diverse and outstanding options for Chinese consumers.

Ideals are lofty, but reality can be harsh. Although Kia has promised not to withdraw from China, it is ultimately just a promise. Currently, the Kia brand does not have a strong presence in the domestic market, which is why there have been multiple rumors about its withdrawal from China. Retail data shows that in the first three quarters of 2023, Kia’s cumulative sales reached 61,681 vehicles, ranking 18th among domestic joint venture brands, between Changan Mazda and Changan Ford.

In fact, in recent years, it is not only Korean brands that have seen a decline in sales. German, Japanese, American, and Korean brands are all facing the same situation. Even Volkswagen and Toyota are finding it difficult to resist the breakthrough of domestic brands. The relatively strong sales background of these brands is also due to the expansion of discounts in the consumer market.

For modern Kia, although its performance in the Chinese market has been unsatisfactory, it is still the third largest automotive company globally with a sales volume of 6.848 million units in 2022. Hyundai Motor Group attributes the sales bottleneck in the Chinese market to the three-year epidemic situation, as communication was disrupted and they were unable to better understand the needs of the Chinese market. Now, Hyundai Motor Group has also noticed that China’s automotive industry has taken a leading position globally in terms of smart cars, and competition for intelligentization in the Chinese automotive market is already quite intense.

Currently, the transformation task of Korean car brands is challenging. If this transformation fails, they may face the possibility of withdrawing from the Chinese market. However, compared to some struggling brands on the verge of collapse, Korean car brands still have a certain market foundation, including the supply strength of overseas groups, which gives them a chance to turn things around. From the current market changes, Korean car brands have taken two different paths. On one hand, Hyundai and Kia are undergoing a transformation towards high-end positioning. Similar to Chinese brands, they are significantly improving their products and targeting blank markets strategically. This also involves phasing out old and low-end models while striving to enhance brand image. On the other hand, there is a transition towards new energy vehicles including electric cars and hydrogen fuel cell vehicles.

Sign up today for 5 free articles monthly!

Pandaily Substack subscribe

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Pandaily – https://pandaily.com/kia-china-executive-will-not-withdraw-from-china/

Tags: ChinaExecutivetechnology
Previous Post

Learn Excel, VBA, and more for just $20 for a limited time

Next Post

California Governor Visits Tesla’s Shanghai Gigafactory

‘Half the tree of life’: ecologists’ horror as nature reserves are emptied of insects – The Guardian

Half the Tree of Life’: Ecologists Sound Alarm as Nature Reserves Are Stripped of Insects

June 29, 2025
Health, science cuts affect future jobs – The Acorn

Health, science cuts affect future jobs – The Acorn

June 29, 2025
Why Some People Have Absolutely No Sense Of Direction, According To Science – YourTango

Why Do Some People Struggle with Direction? The Surprising Science of Getting Lost

June 29, 2025
Cardiologist shares how stress and modern lifestyle are raising heart risks in 30s and 40s: ‘Don’t wait for chest pain’ | Health – Hindustan Times – Hindustan Times

Cardiologist shares how stress and modern lifestyle are raising heart risks in 30s and 40s: ‘Don’t wait for chest pain’ | Health – Hindustan Times – Hindustan Times

June 29, 2025
79-year old man competing in his 16th World Police and Fire Games – WVTM

79-year old man competing in his 16th World Police and Fire Games – WVTM

June 29, 2025
The Economy Is So Off the Rails That They’re Trying to Figure Out How to Make Ads Specifically Targeted at AI Bots – Futurism

The Economy Is So Off the Rails That They’re Trying to Figure Out How to Make Ads Specifically Targeted at AI Bots – Futurism

June 29, 2025

WATCH: Health Secretary RFK Jr. Faces Intense Questioning on Vaccine Policy and Transparency in House Hearing

June 29, 2025
Jimmy Patronis hails House passage of bill benefitting military, veterans – Florida Politics

Jimmy Patronis Cheers House Approval of Landmark Bill Backing Military and Veterans

June 29, 2025
Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

Naples restaurant owner prepares for hurricane season with new flood technology – Fox4Now.com

June 29, 2025
Fireworks sales support Folsom youth sports: ‘This is our biggest fundraiser’ – Sacramento Bee

Fireworks Sales Ignite Support for Folsom Youth Sports: “This Is Our Biggest Fundraiser

June 29, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (700)
  • Economy (723)
  • Entertainment (21,613)
  • General (15,619)
  • Health (9,762)
  • Lifestyle (728)
  • News (22,149)
  • People (724)
  • Politics (729)
  • Science (15,940)
  • Sports (21,219)
  • Technology (15,707)
  • World (703)

Recent News

‘Half the tree of life’: ecologists’ horror as nature reserves are emptied of insects – The Guardian

Half the Tree of Life’: Ecologists Sound Alarm as Nature Reserves Are Stripped of Insects

June 29, 2025
Health, science cuts affect future jobs – The Acorn

Health, science cuts affect future jobs – The Acorn

June 29, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version