Kia is launching its first dedicated EV next year. Through 2027, the automaker plans to roll out seven new dedicated EVs, forgoing the automaker's current trend of electrifying existing models.
- To date, Kia has electrified existing models, like the Niro and Soul. Kia’s plan would create seven new models that would be offered exclusively as EVs. Hyundai has taken a similar initiative with its Ioniq series.
- The first dedicated EV will be code-named “CV” and will be built on Kia’s “Electric-Global Modular Platform.”
- Kia expects 25% of its global sales to be EVs by 2029 and comes amid a series of EV investment commitments made by parent company Hyundai Motor Group. Over the next five years, Hyundai Motor Group plans to invest $87b in to launch about 44 EVs.
- Kia has sold about 100,000 EVs globally to date and is also exploring subscription services centered around EVs.