Kia plans Won49tn capex on EVs, software and robotics by 2030

Kia plans to put Won49tn ($33.07bn) done 2030 to grow electrification, software-defined vehicles and robotics portion targeting higher income and profitability.

The strategy, presented astatine its 2026 CEO Investor Day successful Seoul, represents an summation of Won7tn compared with its erstwhile five-year plan.

Of the total, Won21tn has been allocated to future-focused businesses. Investment successful 2026 unsocial is expected to scope Won10.1tn, up Won1.2tn year-on-year.

The institution said the backing would underpin enlargement crossed aggregate areas, including electrical and hybrid vehicles, level beyond conveyance (PBV) commercialized vans, autonomous driving technologies and astute manufacturing systems.

By 2030, Kia is targeting gross of Won170tn and operating nett of Won17tn, alongside an operating borderline of 10%.

It besides aims to summation planetary conveyance income to 4.13 cardinal units, compared with a 2026 people of 3.35 million, portion raising its planetary marketplace stock to 4.5% from 3.8%.

Electrification remains a cardinal focus, though interior combustion motor (ICE) models volition proceed to diagnostic successful its portfolio.

Kia Corporation president and CEO Ho Sung Song said: “Building connected the achievements of innovation crossed each areas implicit the past 5 years - including brand, EVs, PBVs, and ESG - EVs, HEVs, autonomous driving, and robotics volition service arsenic cardinal drivers for Kia’s fastest maturation to date.

“Even amid the evolving planetary environment, Kia volition proactively respond to changing marketplace conditions done differentiated strategies.”

Kia plans to present 9 caller ICE models by 2030 and grow its hybrid offering to 13 models.

It is targeting yearly hybrid electrical conveyance income of 1.1 cardinal units, oregon 1.15 cardinal erstwhile including plug-in hybrids and extended-range EVs.

For battery-electric vehicles, Kia aims to execute yearly income of 1 cardinal units by 2030, representing a 3.8% stock of the planetary EV market.

Its EV line-up is acceptable to grow to 14 models, spanning rider cars, SUVs and PBVs.

Upcoming launches see mass-market models specified arsenic the EV2, alongside a next-generation EV level designed to present improved artillery capacity, stronger centrifugal show and enhanced outgo efficiency.

In the PBV segment, the institution is targeting income of 232,000 units by 2030, led by models including the PV5, PV7 and PV9.

Production volition beryllium centred astatine the Hwaseong EVO Plant, which volition enactment arsenic a dedicated manufacturing hub for PBVs.

Regionally, Kia expects to scope yearly income of 1.02 cardinal vehicles successful the US, 746,000 successful Europe and 1.48 cardinal successful emerging markets by the extremity of the decade.