Summary
– Kia sold over 17,000 EVs in April, representing almost 7% of total sales volume
– The company’s global vehicle sales in April totaled 261,022, up 0.6% from last year
– Kia plans to maintain EV sales momentum with new models launching in the second half of 2024
– The company’s EV lineup is expanding with three E-GMP-based models currently available and two more models on the way
– Kia’s retail EV sales for the year exceed 61,000 units, with a growth rate over 70% from last year
Article
Kia Reports Strong EV Sales Growth
Kia has reported that its global vehicle sales in April 2024 amounted to 261,022 units, which is a 0.6% increase from the previous year. The company’s total sales for the first four months of the year exceeded 1 million units, a 0.6% decrease year-over-year. Despite relatively flat overall sales, Kia’s all-electric car sales have continued to increase rapidly. The South Korean manufacturer expects to maintain this momentum with the launch of new all-electric models in the second half of 2024.
Kia’s Expanding EV Lineup
Currently, Kia offers three E-GMP-based electric models – the EV5, EV6, and EV9 – with two more models, the EV3 and EV4, set to be released soon. Additionally, the company sells the Niro EV, Soul EV, Bingo EV, and Ray EV (the last two are only available in South Korea). Kia is committed to expanding its electric vehicle offerings to meet the growing demand for EVs in the market.
April EV Sales Figures
In April, Kia’s retail all-electric car sales totaled 17,140 units, representing a 90% increase from the previous year. The share of EVs in the brand’s total volume reached almost 7%, showing the increasing popularity of electric vehicles among consumers. The retail sales included various models such as the EV3, EV5, EV6, EV9, Niro EV, Niro Plus EV, Soul EV, and the Korea-only Ray EV and Bingo EV.
Wholesale Shipments of E-GMP-Based Models
On the wholesale level, Kia’s shipments of E-GMP-based models amounted to 8,904 units in April, a 6% decrease year-over-year. This includes production of the EV3, EV6, and EV9 in South Korea, as well as the EV5 in China. The company’s best-selling EV model was the Kia EV6, with 5,728 wholesale units sold (a 39% decrease year-over-year). However, Kia anticipates that the updated version of the EV6 will help improve sales performance.
Year-to-Date EV Sales Performance
Year-to-date, Kia’s retail EV sales have exceeded 61,000 units, with a growth rate of over 70% compared to the previous year. Wholesale shipments of E-GMP-based models have surpassed 44,000 units, reflecting a strong demand for Kia’s electric vehicles. In 2023, Kia’s wholesale shipments of E-GMP-based electric cars totaled 132,711 units, demonstrating a 59% increase year-over-year in the company’s EV sales performance.
Future Outlook for Kia’s EV Sales
Kia’s commitment to expanding its electric vehicle lineup and maintaining momentum in EV sales is evident in its plans to launch new all-electric models in the second half of 2024. With the EV market continuing to grow and consumer interest in electric vehicles on the rise, Kia is well-positioned to capitalize on this trend and further strengthen its presence in the EV market. As the company continues to innovate and release new EV models, it is poised to become a key player in the electric vehicle industry.
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