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Kia aims to sell 1.6 mil. EVs by 2030 despite concerns of slowed demand

Kia is accelerating its shift to the electric vehicle (EV) business, which is facing concerns of slowing demand, by expanding the lineup and variety of EVs through the introduction of customizable vehicles based on the platform beyond vehicle (PBV) concept, the automakers CEO said Friday.
Soult Ukpyolsi South Korea United States Baek Byung Yeul Courtesy Of Hyundai Motor Group Hyundai Motor Group

Foxconn's Bharat FIH looks beyond Xiaomi to offset slump, Auto News, ET Auto

Bharat FIH diversifies beyond Xiaomi orders at Chennai campus to explore EVs, telecom equipment, and TVs. Leveraging Make in India initiative with PLI benefits, the company aims to support GOIs localization plans and expand capacity based on customer demand. Bharat FIH is now looking to power growth in segments such as telecom equipment, electric vehicles, televisions and displays.
Tamil Nadu Neil Shah Electronics Manufacturing Services Counterpoint Research Production Linked Incentive Rising Star

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