Kia Corp - Company Profile
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Business Description
Kia Corp (Kia) manufactures motor vehicles. It manufactures, and commercializes passenger cars, commercial vehicles, and recreational vehicles. The company also carries out leasing of vehicles and vehicle maintenance services.
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R&D Overview
The company focuses on eco-friendly vehicle development and distribution, improving fuel efficiency and reducing emissions, recycling technology development and clean production technology development. The company also focuses on developing new technologies with Artificial intelligence. The company intends to develop R.E.A.D. System to create an interactive future mobility in-cabin space by converging cutting edge vehicle control technology and AI-based emotional intelligence. This innovative R.E.A.D. System will enable continuous communication between drivers and vehicles through the unspoken language of ‘emotional feeling’, thereby providing an optimized human senses-oriented space for drivers in real-time. The company also focuses on ecofriendly lifecycle management for cars. The company is focusing on to improve the ability to recycle many parts of its environmentally friendly cars. To achieve this, it is making use of Green Design System and the Chemical Management System to minimize the release of harmful substances. In FY2022, it spent KRW 2,162,950million on R&D, which was 2.49% of its revenue and grew 15.6% YoY.
Geographical Segments
Overview
Operates a Motors Manufacturing facility in Georgia the US; and also in Pesqueria, Nuevo Leon in Mexico. Key models include Sportage, and Sedona/ Grand Carnival in the US and Carniva Forte/Cerato in Mexico.
Target Markets
Mexico, Canada, and the US
Performance
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Overview
Operates Sohari Plant, Hwaseong Plant, Gwangju Plant in Korea. Key models include Cadenza, Niro, Sorento, Mohave and RV models. Views to continue to heighten its product competitiveness with new models and facelifts of its existing fleet and making steady progress with its production plans to achieve organic growth.
Performance
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Overview
Owns and operates Kia Motors in Slovakia; and markets Kia products across 30 markets in Europe. Key models include Venga, cee’d, Sportage, Optima, and Niro. Views new model launch of the Ceed and the Ceed CUV and expanded sales of SUVs, including the Niro and Stonic.
Target Markets
Austria, Belgium, Czech Republic, France, Germany, Hungary, Italy, Netherlands, Poland, Russia, Slovakia, Spain, Sweden, the UK.
Performance
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Overview
Operates DongfengYueda Kia Motors in China. Key models include K2, KX3, and KX5.
Performance
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