Kia Announced Plan S, Allocating $25B to EV Development

January 14, 2020

Kia Motors Corporation has announced today details of ‘Plan S’, its mid- to long-term strategy aimed at progressively establishing a leadership position in the future automotive industry, encompassing electrification and mobility services, as well as connectivity and autonomy.

The Plan S strategy outlines Kia’s preemptive and enterprising ‘shift’ from a business system focused on internal combustion engine vehicles toward one centered on electric vehicles and customized mobility solutions. The company’s ongoing brand innovation and profitability enhancement will support the two-track Plan S strategy targeting the shift toward electric and autonomous vehicles as well as mobility services.

Alongside Kia’s 2025 financial and investment strategy, details of Plan S were announced to shareholders, analysts and credit-rating agencies at the company’s CEO Investor Day in Seoul today.

By the end of 2025, Kia plans to offer a full line-up of 11 battery electric vehicles. With these models Kia is looking to achieve a 6.6% share of the global EV market (excluding China), while also attaining a 25% share of its sales from its eco-friendly cars. With the global EV market expected to gain strength by 2026, Kia is aiming for 500,000 annual EV sales and global sales of 1 million eco-friendly vehicles (excluding China).

For more information about Plan S, please visit Kia’s media website: kianewscenter.com



Hubungi kami secara terus.

Kami tahu bukan setiap projek adalah sama dan tidak semua aplikasi mempunyai spesifikasi yang mudah untuk dipenuhi. Kami ingin bercakap dengan anda untuk memenuhi sebarang keperluan cabaran yang anda ada.

Klik platform di bawah untuk berkongsi artikel ini. Terima kasih kerana sudi berkongsi!