[1/3]A Kia EV9 electrical lorry is showed at the Kia EV Day occasion in Yeoju, South Korea, October 10,2023 REUTERS/Heekyong Yang Acquire Licensing Rights
SEOUL, Oct 12 (Reuters) – Kia Corp (000270.KS) on Thursday revealed 3 brand-new small-to-medium sized electrical automobiles (EV) to shot to drawin a broader variety of consumers and speedup its electrification drive.
The South Korean carmanufacturer stated it prepared to deal 2 electrical compact sport-utility automobiles (SUVs) – EV5 and EV3 – and an electrical sedan – EV4 -, making an full-scale push to attain its sales target of one million EVs by 2026.
Kia stated it meant to establish a wide-range of EV designs priced from $30,000 to $80,000 and intended to launch smallersized EVs like the EV5, EV4, and EV3 priced from $35,000 to $50,000.
In a discussion to pressreporters, Kia stated it prepared to launch the EV5, the 3rd devoted EV in its line-up after the EV6 and EV9, in South Korea in 2025.
Production of the EV5 will take location in China and South Korea, Kia stated, including it would have various battery types in those 2 markets.
EV5s offered in China would usage lithium-phosphate-iron (LFP) batteries, while those in South Korea would have more pricey nickel-cobalt-manganese (NCM) batteries, stated Kia President Song Ho Sung.
The EV5 in China would have a optimum driving variety of 720 kms (447 miles) based on City Light Test Cycle (CLTC) requirements, Kia stated in a declaration, including the