Kia Unveils Affordable EV4: Ambitious Production Goals for 2025

What?

Kia is gearing up to launch its affordable EV4 electric sedan next year, with ambitious production goals set for 2025. Priced under $35,000, the EV4 will join Kia’s lineup of mass-market electric vehicles, aiming to redefine the electric sedan segment. With plans to produce 70,000 models annually, Kia is targeting the demand for affordable EVs in the market.

Why does it matter?

The introduction of the EV4 follows Kia’s recent unveiling of the EV3 in Korea, priced starting at $30,700. Kia expects to sell 18,000 EV3 models by the end of 2024, with plans for its launch in Europe and the US next year. By strategically building the EV3 in Mexico, Kia anticipates leveraging federal incentives to further reduce prices, making it one of the most affordable EVs in its segment.

Kia’s innovative approach continues with the EV4, which is set to debut in 2025. The company plans to finish development by February and commence production in March, with an expected annual production target of 70,000 units. With a focus on unique design, connectivity technology, and competitive pricing, Kia aims to position the EV4 as a significant player in the electric sedan market.

How is it going to shape the future?

Kia’s commitment to expanding its electric vehicle lineup aligns with its goal of selling 307,000 EVs in 2022 and projecting sales of 1.6 million by 2027. By introducing a total of 15 electric cars, Kia is actively participating in the EV revolution, aiming to capture a substantial market share against competitors like Tesla Model 3 and Hyundai IONIQ 6. With a strong emphasis on affordability, innovation, and production efficiency, Kia’s EV4 represents a significant step forward in accelerating the adoption of electric vehicles globally.