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SEOUL, South Korea, June 2, 2025 /PRNewswire/ -- Hyundai Capital Services announced today that its Australian subsidiary Hyundai Capital Australia Pty. Ltd. ("HCAU" or the "Company") launched Kia Finance and has commenced offering finance solutions for Kia customers in Australia. Last year, HCAU commenced operations in the Australian market with the launch of Genesis Finance in October, followed by Hyundai Finance in November. With the introductions of Kia Finance, HCAU now delivers comprehensive automotive finance across all three Hyundai Motor Group brands – Hyundai, Genesis, and Kia. The company is committed to supporting vehicle sales through a broad range of business initiatives, offering tailored financial solutions such as retail finance for personal and business customers, alongside stable and reliable commercial funding for dealer partners. A key offering from HCAU is the Guaranteed Future Value* (GFV) product, designed to make vehicle ownership more accessible through lower monthly repayments. HCAU secures the minimum resale value of the vehicle upfront, allowing the customer to defer this amount and make repayments based only on the balance. At the end of the loan term, customers have the flexibility to choose from the following options: 1. Trade-in: the vehicle's value is used towards paying out the loan. If the trade-in value is higher than the GFV, the positive equity can be used towards a new vehicle. 2. Keep: pay the GFV amount to own the vehicle outright. 3. Return: return the vehicle with no further payments, provided the customer is not in default and the vehicle meets the agreed kilometre and fair wear and tear conditions. Furthermore, HCAU offers competitive interest rates to customers, leveraging the strong global credit rating of the Hyundai Motor Group. In March, the Company received an initial credit rating of 'A-' with a stable outlook from S&P Global Ratings ("S&P"), a notable achievement for a relatively new entrant to the market. This rating strengthens HCAU's funding capacity in Australia, enabling it to continue delivering highly competitive interest rates to customers while supporting sustainable growth. "With the launch of Kia Finance, HCAU is now able to offer a comprehensive range of automotive finance solutions for all Hyundai Motor Group vehicles in Australia," said Donglim Shin, Chief Executive Officer of HCAU. He added, "HCAU will actively engage in a wide range of customer-centric marketing initiatives in partnership with Kia, Hyundai Motor and Genesis to ensure more customers can enjoy an exceptional ownership experience through our flexible finance options. *The Guaranteed Future Value (GFV) is the minimum future value of your in-stock new or approved demo Hyundai, Genesis or Kia set out in your contract. At the end of the term, you can sell your car to us, and we will pay the GFV which will be put against your final payment, provided you're not in default under your contract and subject to fair wear and tear requirements and agreed kilometres being met. Finance is for approved applicants only. Terms, conditions, fees, charges and lending criteria applies. Hyundai Capital Australia Pty Ltd (ABN 42 611 226 316), Australian Credit Licence 554051.
- Kia EV3 wins 2025 World Car of the Year title at 2025 World Car Awards- World Car Awards recognize, reward and inspire automotive excellence and innovation in the rapidly changing mobility industry- Winners were selected by a highly respected jury of 96 international automotive journalists from 30 nations- The award highlights Kia's global leadership in the provision of design-led, technologically advanced, sustainable mobility solutions NEW YORK and SEOUL, South Korea, April 16, 2025 /PRNewswire/ -- The Kia EV3 has been hailed the outright winner at the 2025 World Car Awards. Revealed during a live announcement at the World Car Awards ceremony at the 2025 New York International Auto Show, the Kia EV3 secured the prestigious title of 2025 World Car of the Year. Kia EV3 Wins 2025 World Car of the Year "It is an immense honor for everyone at Kia that the EV3 has been awarded the 2025 World Car of Year title. This award highlights Kia's global leadership in providing design-led, technologically advanced, sustainable mobility solutions and how the EV3's class-leading attributes redefine the user experience for customers worldwide," said Ho Sung Song, President and CEO at Kia. The 2025 World Car Awards were judged by a panel of 96 highly respected international automotive journalists from 30 countries. The EV3's victory brings Kia's total of wins at the World Car Awards to six since 2020. What category did the Kia EV3 win at the 2025 World Car Awards? The Kia EV3 won the following title at the 2025 World Car Awards: 2025 World Car of the Year What are the Kia EV3's key product features? The EV3 brings the cutting-edge innovation of Kia's flagship EV9 to a wider audience than ever before, setting new standards in the compact electric vehicle (EV) SUV segment. The EV3 boasts a bold, progressive exterior and an innovative, practical interior that maximizes space, functionality, and comfort. The EV3 has a segment-leading range of up to 605 km and can charge from 10-80 percent in 31 minutes*, delivering impressive usability. The vehicle's innovative interior design optimizes space, comfort, and accessibility, while Kia's AI Assistant, advanced driver assistance systems (ADAS), and Over-the-Air (OTA) updates enhance the ownership experience with cutting-edge technology. For more information about the Kia EV3, please visit here. Previous World Car Awards titles won by Kia Kia EV9 – 2024 World Car of the Year Kia EV9 – 2024 World Electric Vehicle Kia EV6 GT – 2023 World Performance Car Kia Telluride – 2020 World Car of the Year Kia Soul EV – 2020 World Urban Car Editor's note: *Claimed 605 km range and 31-minute charging time apply to the 81.4 kWh version of the EV3 and are based on the standardized WLTP assessment. For more information, visit the Kia Global Media Center at www.kianewscenter.com Disclaimer: Kia Corporation believes the information contained herein to be accurate at the time of release. However, the company may upload new or updated information if required and assumes that it is not liable for the accuracy of any information interpreted and used by the reader.
Kia's Plan S 2030 business strategy updated with growth strategies for new products, focus on electrification commitment Kia aims for global sales of 4.19 mln units, market share of 4.5%, by 2030 EV: Target of 1.26 mln EV sales by 2030… Global EV market share of 4.3%; expansion of volume EV lineup PBV: To sell 250,000 PBVs by 2030… Launches of PV5 in 2025, PV7 in 2027 and PV9 in 2029 Pickup Truck: To add an EV pickup model for North America, building on Tasman pickup's success… Targeting global Tasman sales of 80,000 units per year Aim to achieve KRW 170 tln in revenue, over 10% operating profit margin by 2030 Kia to invest KRW 42 tln from 2025-2029, including KRW 19 tln for future business 2025 business guidance…Targeting more than KRW 112 tln in revenue, market share of 3.7% … Operating profit margin of 11% on global sales of more than 3.2 mln units SEOUL, South Korea, April 9, 2025 /PRNewswire/ -- Kia Corporation today shared its mid-to-long-term business strategies and financial targets at its CEO Investor Day. Kia 2025 CEO Investor Day As part of Kia's updated Plan S strategy – the brand's mid-to-long-term business plan – the company outlined its bold strategy to achieve global sales of 4.19 million units by 2030, including 2.33 million hybrid and fully electric vehicles (EVs). Leveraging its agility and flexibility in response to the market environment, Kia will diversify its growth engines by introducing new models – such as PBVs and pickup trucks – and other key future businesses. "Since launching the Kia Transformation strategy in 2021, Kia has continuously progressed to become a provider of sustainable mobility solutions that innovate space and enable customers to make better use of their time beyond conventional means of transportation," said Ho Sung Song, President and CEO of Kia. "We will continue to develop the brand by implementing mid-to-long-term strategies to strengthen our internal stability and respond effectively to changes in the auto industry." Kia is accelerating its transformation by expanding its hybrid and EV offerings, aiming to sell 1.26 million EVs and nearly one million hybrids by 2030. The company will strengthen its EV leadership through the launch of volume models, including the EV3, EV4, EV5, and the upcoming EV2, while enhancing cost efficiency, customer service, and production strategies. Kia is also expanding its PBV business, targeting annual sales of 250,000 units by 2030. Its PBV lineup will include PV5 in 2025, PV7 in 2027, and PV9 in 2029. Furthermore, Kia has launched its Tasman for global markets, with an annual sales target of 80,000 units, and will develop an EV pickup model for North America. By 2030, Kia aims to achieve KRW 170 trillion in revenue and an operating profit margin of over 10 percent. The company plans to invest a total of KRW 42 trillion from 2025 to 2029, with KRW 19 trillion allocated to future business. Kia 2025 CEO Investor Day
Kia Design returns to Milan Design Week for third consecutive year, providing a platform for artistic expression and cultural exchange Works by artists Philippe Parreno and A.A. Murakami curated to reflect the brand's 'Opposites United' design philosophy 'Marquee', 'The Cave', 'Beyond the Horizon' and 'The Eclipse' deliver a sensory journey echoing the evolution of Kia's design philosophy Exhibition runs from April 7-13 at Museo della Permanente in Milan, Italy MILAN, April 8, 2025 /PRNewswire/ -- Kia Design has introduced the theme of its Milan Design Week 2025 exhibition, Opposites United: Eclipse of Perceptions, in collaboration with internationally acclaimed artists Philippe Parreno and A.A. Murakami (Azusa Murakami and Alexander Groves). ‘Marquee’ by Philippe Parreno at Kia’s ‘Opposites United: Eclipse of Perceptions’ exhibition This year's exhibition continues Kia's commitment to cultural exchange and creative exploration. Focusing on the brand's evolving transformation – rooted in its core cultural values and creative identity – the event sparks conversations that challenge and inspire both Kia Design and the global creative community. By bringing together visionary artists such as Philippe Parreno and A.A. Murakami, alongside Kia Design and other prominent members of the global creative community, the exhibition aims to offer an interactive experience where visitors can engage with the ideas, philosophies, and expressions that shape contemporary creativity. Since its first participation in Milan Design Week in 2023, Kia Design has sought to support art and culture by providing a platform for artists to express their interpretations of the brand's design philosophy, 'Opposites United'. Participating artists collaborate on experimental approaches, expressing the 'Opposites United' theme through their works or performances, creating resonant experiences for visiting audiences. The Eclipse A central stage for performances and talk sessions, 'The Eclipse' features tiered seating reminiscent of the Colosseum, with content projected onto a layered system of shades. In this space, the audience is encouraged to become active participants, immersed in the content and interpreting it subjectively, rather than simply remaining as observers. Eclipses have held significant scientific, religious, and cultural meanings throughout human history. These celestial events have inspired us to dream, look beyond our own existence, predict the future and advance our technologies. Opposites United: Eclipse of Perceptions uses the space to embody the story of Kia Design, and its ambition to evolve relentlessly, through dramatic staging and spatial transformations. To read the full text, please visit the Kia Global Media Center. ‘The Cave’ by A.A. Murakami at Kia’s ‘Opposites United: Eclipse of Perceptions’ exhibition
- 'Eclipse of Perceptions' exhibit continues Kia's dedication to supporting art and culture by providing a platform for artists from diverse backgrounds - Conceptual artworks interpret Kia's 'Opposites United' design philosophy through various mediums including sculpture, sound and light - 'Transcend Journey' exhibit highlights the transformative power of Kia's new PBV and EV models - Opposites United: Eclipse of Perceptions runs from April 7-13 at Museo della Permanente in Milan - Transcend Journey display takes place from April 7-9 at Eastend Studios in Milan SEOUL, South Korea, April 4, 2025 /PRNewswire/ -- Kia Corporation will host dual events at Milan Design Week 2025; a public exhibition highlighting its 'Opposites United' design philosophy, alongside an exclusive installation featuring the brand's latest PBV and EV models. Kia ‘Opposites United: Eclipse of Perceptions’ exhibit to take place at Milan Design Week 2025 Opposites United: Eclipse of Perceptions Opposites United: Eclipse of Perceptions, a public exhibition, will showcase Kia's ongoing transformation while fostering cultural exchange and creative exploration that both challenges and inspires. Featuring conceptual artworks by visionary artists such as Philippe Parreno and A.A. Murakami, the exhibition invites visitors to engage with the ideas, philosophies, and expressions that shape contemporary creativity. Spread across several rooms in the Museo della Permanente, each space offers a sensory journey that immerses participants in artworks designed to encourage a reevaluation of their perception of the possible. Opposites United: Eclipse of Perceptions runs from April 7-13 at the Museo della Permanente. More details will be revealed on April 7. Transcend Journey Transcend Journey, an exclusive installation, will explore the evolution of mobility, highlighting how Kia's vehicles can bridge the gap between urban and outdoor experiences. Focusing on Kia's latest PBV and EV models, the artwork will demonstrate how these vehicles enhance the user experience by connecting modern mobility with adventurous lifestyles. A twisting sculpture will symbolize the harmonious uniting of opposing ideas, while collaborations with leading South Korean outdoor and coffee brands will highlight the diverse applications of Kia's vehicles. Transcend Journey takes place from April 7-9 at Eastend Studios. Further details of the exhibit will be provided on April 10. Kia at Milan Design Week For a third consecutive year, Kia will use the occasion of Milan Design Week to shed new light on the evolution of its 'Opposites United' design philosophy. To read the full release, visit the Kia Global Media Center at www.kianewscenter.com Kia ‘Transcend Journey’ exhibit teaser to take place at Milan Design Week 2025
Company Redefines In-Vehicle Experience with Smart Home Solutions Delivering Tailored Mobility Experiences SEOUL, South Korea, April 3, 2025 /PRNewswire/ -- LG Electronics (LG) is presenting the Spielraum concept car in collaboration with Kia at the 2025 Seoul Mobility Show, taking place at KINTEX in Ilsan, Korea, from April 3-13. This partnership, formalized through a Memorandum of Understanding, aims to seamlessly combine LG's AI-driven smart life solutions with Kia's Platform Beyond Vehicle (PBV) technology, creating a distinctive mobility space experience. LG introduces the Spielraum concept car, merging LG's AI-powered smart life solutions with Kia's PBV technology, at the 2025 Seoul Mobility Show. Through this partnership, LG and Kia seek to enhance the PBV experience, transforming everyday mobility into a seamless and convenient lifestyle extension. Integrated LG appliances – such as a refrigerator, air conditioner and Styler – allow users to transform their vehicle into a mobile office or studio. Debuting at the 2025 Seoul Mobility Show, the Spielraum Studio and Spielraum Glow cabin concepts demonstrate how users can customize their vehicle space to fit their unique lifestyles. Spielraum Studio, designed for entrepreneurs who travel frequently and need both workspace and storage, features LG's modular Styler, smart mirror and a coffee machine – all optimized for the interior of the PV5, Kia's first dedicated PBV. AI-powered personalized assistance further enhances convenience, offering optimized clothing care settings based on the user's schedule. Spielraum Studio, designed for entrepreneurs who travel frequently with the need of both workspace and storage, features LG's modular Styler, smart mirror, coffee machine etc. Catering to a different lifestyle, the Spielraum Glow cabin targets the rising trend of car picnics and camping. Equipped with LG's refrigerator, Lightwave oven and wine cellar, it elevates outdoor experiences with next-level convenience. Additionally, all integrated appliances feature MoodUP™ panels, allowing users to customize their space with dynamic color options that match their preferences. Spielraum concept car demonstrates how users can customize vehicle space with LG's solutions to suit various lifestyles. At the heart of the Spielraum concept is the LG ThinQ ON™, an AI-powered home hub that provides highly personalized experiences. By leveraging generative AI, it enables interactive conversations, optimal control of in-vehicle appliances and efficient schedule management. Beyond providing useful information such as weather and traffic updates, the system can connect to external services, including food delivery, laundry and restaurant reservations. Expanding the boundaries of AI-driven living based on the company's vision of Affectionate Intelligence, LG introduced the LG Mobility Experience (MX) platform at CES 2025. This approach extends AI's role beyond residential spaces into everyday environments such as commercial and mobility spaces, creating personalized spaces for work, relaxation and entertainment. By seamlessly connecting mobility with AI home solutions, LG is redefining how people interact with their surroundings, offering multifunctional and adaptive living spaces. LG and Kia have signed a Memorandum of Understanding(MOU) to cooperate in expanding LG's space experience and solution beyond vehicles. "We are excited and proud to bring our advanced AI space solutions to the PBV mobility market through this collaboration with Kia," said Lyu Jae-cheol, president of the LG Home Appliance Solution Company. "This collaboration provides an important opportunity to expand LG Electronics' 'AI Space Solution,' serving as a stepping stone to create new AI-powered lifestyle experiences beyond the home, across mobility and other everyday spaces". About LG Electronics Home Appliance Solution Company The LG Home Appliance Solution Company (HS) is a global leader in home appliances and AI home solutions. By leveraging industry-leading core technologies, the HS Company is committed to enhancing consumers' quality of life and promoting sustainability. The company develops thoughtfully designed kitchen and living appliance solutions and has recently integrated LG's Robot Business Division to incorporate advanced robot technologies into its home solutions. Together, these products offer enhanced convenience, exceptional performance, efficient operation and sustainable lifestyle solutions. For more news on LG, visit www.LGnewsroom.com.
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