Budget-friendly EV push from Hyundai and Kia!

🟢After #Hyundai plans to produce 22,000-euro Ioniq 2 in Europe and put it on sale this year, #Kia is also taking its cheap electric vehicle plan forward.

🔋The compact SUV Kia EV3 was introduced as a concept in October 2023 according to South Korean media. The vehicle will be launched in the first half of the year at a price of €30,000.

🏭 Kia postponed the sedan EV4 to the beginning of 2025. The company has released the cheap SUV EV and  it will be produced at the Gwangmyeong (South Korea) factory, which was renewed for electric vehicle projects and officially started operating again last week.

🔌Announcing an investment of $18 billion in electric vehicle transformation, Hyundai-Kia aims to increase its electric share in total sales with two relatively affordable models this year.