Kia expects its first vehicle built on Hyundai's new E-GMP modular electric platform to become their best-selling full-electric car in Europe.
The new Kia EV model would be a crossover with an SUV body style that is growingly popular. It would compete with the likes of the BMW i3 hatchbacks and Volkswagen ID 3.
Kia Europe COO Emilio Herrera expects to sell 10,000 to 15,000 of the EV model in Europe this year, even if it is not expected to go on sale until September.
Herrera didn’t give sales forecasts for 2022, but it could outsell Kia’s two EVs in Europe, the Soul and Niro.
The Soul EV accounted for 8,021 unit sales in Europe last year, while the e-Niro accounted for 31,000.
The e-Niro accounted for 31,000 unit sales in Europe last year, while there were 8,021 Soul EV units sold.
The new E-GMP platform allows 500 km ranges and quicker acceleration.
Kia plans to come up with seven vehicles on the platform globally by 2027.
The company also aims to have 11 full EVs by 2025, which would account for 30 percent of its Euro sales. The lineup would include new models and electric versions of existing vehicles like the Soul EV.


Sun Pharma Wins U.S. Appeal in Pfizer Lipitor Antitrust Case
BofA Sees Micron EPS Topping $230 by 2030, Backs Major Stock Upside
OpenAI Revenue Rises 18% in Q2 as Losses Widen and Anthropic Surges Ahead
Google to Buy Spirit Airlines Business Data for $10 Million to Train AI
Coty Revenue Beats Estimates as Beauty Demand Holds Firm
Lockheed Martin Secures $153.5 Million in U.S. Defense Contracts
CK Hutchison Seeks $1.5 Billion From Panama Over Canal Ports
Nordson Stock Rises as Q3 Earnings Beat Estimates, Outlook Raised
Goldman Sachs Names 9 Top Japanese Semiconductor and Electronics Stocks
SEC Sues Former Tricolor Executives Over $1.9 Billion Investor Fraud Scheme
Baidu Shares Sink to One-Year Low as Ad Weakness Overshadows AI Growth
Toyota, Honda Shares Rise on Possible U.S.-Canada Auto Tariff Cut
REPAY Stock Rises After Visa Platform Connect Collaboration
Moody’s Upgrades Vodafone Hybrid Debt Ratings to Baa3
Schott Pharma Stock Rises as Barclays Upgrades Rating on Growth Outlook
Google to Move All Pixel Production Out of China by 2027
Moody’s Affirms NVIDIA Aa1 Rating as AI Data Center Guarantees Reach $105 Billion 



