Kia Motors plans to launch seven, purpose-built, all-electric vehicle models based on the group’s newly-developed electric-global modular platform (E-GMP) by 2027, according to local reports citing a company statement.

The first of these, a battery-powered crossover vehicle codenamed CV, will be launched in the first quarter of 2021. It will be the first model to carry Kia’s newly launched brand logo.

The new model will be fitted with a fast-charging battery pack that can provide a cruising range of up to 500km (300 miles). Other models under development using this platform include passenger cars, SUVs and MPVs.

The South Korean automaker plans to launch 11 new electric vehicles by 2025, including models not based on the E-GMP, as it targets growing global demand for zero emissions vehicles.

Kia said it aimed to capture a 6.6% share of the global market for battery-powered electric vehicles by 2025 from around 1% at present and was looking to produce more than 600,000 units annually by 2026.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.