Kia targets ten-fold profit growth from expanded EV range

Kia has outlined its plan to grow its profit contribution from electric vehicle (EV) sales more than 10-fold as annual zero emissions vehicle volumes grow to 1.6 million by 2030.

The Kia Corporation gave an insight into its future strategies at its third annual Kia CEO Investor Day since the Korean carmaker’s 2020 unveiling of its long-term strategy entitled ‘Plan S’.

This morning’s (April 5) event, held in Seoul, South Korea, revealed that the OEM is targeting a growth in EVs’ contribution to global profitability of 53%, up from 5% today, as it swells its range of zero emissions vehicles to 15 models.