Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Instagram Outage Disrupts Thousands of U.S. Users 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Kia Corp. said on Thursday, Nov. 11, that it would no longer sell combustion engine vehicles in Europe. The second-largest automaker in South Korea revealed that starting 2035, it will only be selling electric vehicles in the European market.
Kia added that it is also planning to include other major markets and will only sell EVs there by 2040. The move is part of the company’s goal to slowly phase out gas-powered cars in its international outlets.
According to Yonhap News Agency, Kia revealed its 2045 carbon neutrality strategy as many governments around the world have already bared their plans to adopt stricter regulations to help combat climate change. In response, aside from Kia, other carmakers worldwide are now scaling up efforts to transition to EVs.
Under its blueprint, Kia is aiming to lower its carbon emissions by 97% based on its levels in 2019 by the year 2045. It is also looking to reach net-zero emissions across its companies and affiliates, starting from production to logistics and finally to waste disposals.
Kia will be using renewable energy to replace its fossil fuel energy requirements and meet power demand in its plants overseas by 2030 and in its home base South Korea by 2040. To accomplish this, the carmaker is set to put up solar power generation systems in its facilities in S. Korea, the United States, India, and China.
The Korea Economic Daily reported that Kia’s plan is five years ahead of schedule, and it is in fulfillment of the company’s push to go completely green and do its part in saving the Earth.
During the Kia Sustainability Movement virtual event, Song Ho Sung, Kia’s chief executive officer, was the one who presented the company’s vision to become a sustainable mobility solution provider through attaining carbon neutrality 24 years from now. To start off, Kia will beef up its EVs and introduce at least 11 models by 2025.
“For us, it is not only about setting goals and reaching targets,” Song said. “It is about setting a vision that will inspire others to join the movement to benefit humanity and protect the environment.”
