7 EVs in 7 years: Kia Motors teases its electric vehicle strategy for future
Kia Motors is planning a global EV offensive in the coming years and has teased its strategy for electric vehicles. The South Korean carmaker has shared an early sketch of several of the brand’s future electric vehicles. Details of Kia’s future EV product strategy were announced by Kia President and CEO Ho Sung Song during an event at the brand’s Hwasung plant in Korea.
In an attempt to establish itself as a leader in the global EV market, Kia will launch a diverse range of dedicated electric vehicles and partner with EV charging companies worldwide to achieve this.
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“Kia has sold more than 100,000 BEVs worldwide since the introduction of our first mass-produced BEV in 2011, the Kia Ray EV, " said CEO Song. "Since then, we have started to introduce a range of new BEVs for global markets and announced plans to accelerate this process in the years ahead. By refocusing our business on electrification, we are aiming for BEVs to account for 25 percent of our total worldwide sales by 2029."
(Also read: Why Hyundai is tripling down on Ioniq brand with three EV launches starting 2021)
Under Kia’s ‘Plan S’ strategy, announced at the start of 2020, the brand plans to expand its BEV line-up to 11 models by 2025. Over the same period, Kia is aiming for BEVs to account for 20 percent of the brand’s total vehicle sales in advanced markets, including Korea, North America and Europe. Seven dedicated BEVs in the sketch revealed today will be launched by 2027.
The first of these BEVs, code-named CV, will be revealed in 2021 as the brand’s first dedicated BEV, destined for many regions globally. The new model will offer the same competitive product quality and eye-catching design as Kia’s other vehicles, with high-performance driving and recharging characteristics.
Earlier in January, Kia Motors unveiled its ‘Plan S’ mid- to long-term future strategy, outlining the brand’s plans to transition its future businesses to focus on BEVs and mobility solutions. Kia is focused on securing a global EV leadership position by launching dedicated BEV models and innovating in areas such as production, sales and services.
Kia Motors is undergoing a company-wide transformation in order to realise ‘Plan S’. The CV model, due to launch in 2021, will encapsulate the brand’s attitude towards innovation and change, presenting a new design direction that signifies Kia’s transition to an EV-focused business strategy. Kia's new design philosophy embraces progress, diversity and a rich composition of contrasting elements.
Kia is innovating its vehicle planning, development and production to actively reflect diverse customer needs from the product planning stage. Kia is planning to respond to market demands by offering diversified product types, with a range of models suitable for urban centres, long-range journeys, and performance driving. Furthermore, by adapting its new Electric-Global Modular Platform (E-GMP), Kia will be able to offer vehicles with best-in-class interior spaciousness.
In addition, Kia Motors plans to expand its global after service infrastructure for EVs. Kia aims to increase its number of dedicated EV work bays in Korea to 1,200 by 2030. In other markets worldwide, Kia will increase its number of EV work bays to 600 by the end of this year, and more than 2,000 by 2023. Kia also plans to develop its own programs to train EV maintenance professionals.
Kia sees the expansion of electric charging infrastructures as a pre-condition for the popularisation of EVs and continues to explore activities worldwide to improve charging accessibility for drivers.
In Korea, Kia will strengthen business activities that directly lead to the construction of a charging infrastructure. Initially this will rely on its existing network of nationwide sales branches, dealerships and service centres, with Kia aiming to supply around 1,500 EV chargers by 2030. Furthermore, Hyundai Motor Group will install 120 Ultra-Fast Chargers by 2021 in urban centres and along twelve highways linking eight provinces across the country.
(Also read: South Korea may revise EV subsidy policy in move that could hurt Tesla)
Worldwide, Kia is establishing more than 2,400 EV chargers in Europe and around 500 in North America, partnering with its dealer networks. Kia plans to continue to increase its charging infrastructure in line with the growing market for EVs.
Furthermore, Kia is striving to secure a comprehensive charging infrastructure for customers through strategic alliances, starting with a strategic investment in IONITY, a European company specialising in high-speed EV charging, in September last year. Kia is also seeking charging infrastructure partners for the US and China to provide an optimised infrastructure tailored to conditions in each market, while strengthening cooperation to leverage new charging technologies.