hybrids News & Analysis

Kia (000270) plans Won49tn investment in EVs and robotics by 2030

Kia (000270) announced a Won49 trillion ($33.07 billion) investment plan through 2030 to enhance electrification and robotics, marking a Won7 trillion increase over its previous plan. The 2026 investment is projected at Won10.1 trillion, an increase of Won1.2 trillion from the previous year. Kia aims for revenue of Won170 trillion and an operating profit of Won17 trillion, with a targeted operating margin of 10% by 2030. Additionally, the company plans to ramp up annual hybrid electric vehicle sales to 1.1 million units and aims for 1 million annual battery-electric vehicle sales, achieving a 3.8% share in the global EV market.