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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2023\/04\/05\/kia-aims-to-reach-122b-gross-revenue-by-2030\/<\/a><\/br> A year after Kia unveiled its roadmap to sustainable mobility by 2030, the Hyundai-owned brand has upped the ante. At the company\u2019s 2023 CEO Investor Day<\/a> on Wednesday, Kia\u2019s leadership said the company aims to reach KRW 160 trillion ($122 billion) in gross revenue by 2030.<\/p>\n The financial goal is part of a general update of Kia\u2019s future-focused strategy, \u201cPlan S<\/a>,\u201d which launched in 2020 and featured new branding. Wednesday\u2019s update also includes a KRW 32 trillion ($24 million) investment into the automaker\u2019s electrification strategy, with 45% of that money dedicated to \u201cfuture business areas.\u201d<\/p>\n The funds should help Kia nudge its output up over the next few years. Kia hiked its global sales goal to 4.3 million units from 4 million units by 2030, and its annual EV sales goal to 1.6 million units from 1.2 million units by 2030. That\u2019ll be quite the ramp from where Kia is today. The company is targeting 258,000 EV sales by 2023 and 1 million units by 2026, which will be 8% and 25% of all Kia sales, respectively. By next year, the company said it will begin operating its first dedicated EV factory at Gwangmyeong.<\/p>\n Kia also said it will release 15 new EV models by 2027, which is one more model than the company had promised last year. One of those models is expected to be a purpose-built, mid-sized SUV, which Kia is aiming to launch by 2025. For what purpose it\u2019s being built, Kia didn\u2019t say.<\/p>\n The Korean automaker recently revealed the newest EV in its portfolio, the EV9 SUV<\/a>, which is packed with tech and will go on sale in selected markets in the second half of this year.<\/p>\n All of Kia\u2019s upcoming vehicles will be tech-focused, the company said. By 2025, Kia said all new models will be connected to the company\u2019s \u201cconnected car data cloud,\u201d which should enable over-the-air updates and allow customers to personalize their vehicles.<\/p>\n
\nKia aims to reach $122B gross revenue by 2030<\/br>
\n2023-04-05 22:16:46<\/br><\/p>\n