Kia will ramp up EV3 output as demand for its affordable electric model surges

Despite higher EV demand, Kia’s overall global sales fell by 1.9% in the third quarter, with 763,393 vehicles sold. The company said reduced subsidies, a lack of popular compact cars in Europe, and sluggish sales in China, Russia, Central and South America led to fewer car sales.

Overseas sales grew in North America, India, the Middle East, and Asia-Pacific, but it was not enough to offset the weaker global demand. Kia will boost sales of popular eco-friendly models (EVs and hybrids) to drive demand, including the Carnival HEV and Sorento HEV in the US and Korea.

In Europe, Kia aims to increase its eco-friendly car share to over 40% of total sales. Kia plans to sell over 9,000 EV3 models as demand for the affordable EV continues to grow.

In the US and Europe, Kia will start full-scale sales of key new models, including the K4 and EV3, while expanding the availability of previously in-short supply models.