Kia gives a detailed look at the EV5 electric SUV interior and exterior in new video
Take a look at Kia’s newest electric SUV, the EV5, as the automaker takes you through a detailed tour of the interior and exterior in its latest video.
Kia shows off the EV5 inside and out in new video
Kia officially unveiled its compact EV5 electric SUV less than two weeks ago at the Chengdu Motor Show in China.
The EV5 is a family-friendly EV, taking influence from Kia’s flagship EV9. In Kia’s words, the EV5 “brings a new era of electric mobility to the compact SUV sector to meet the needs of millennial families.”
Like the EV9, the smaller electric SUV is inspired by the brand’s new “Opposites United” design theme. As such, the EV5 features a strong, rugged look with a boxy silhouette and robust fenders.
One of the first features you will notice is the new “Tiger Face,” replacing Kia’s signature “Tiger Nose” grille. The three-dimensional “Signature Star Map Lightning” formed by daytime running lights further emphasized the Tiger Face design.
After researching, Kia found that millennials use the inside of their SUV as an “additional room” rather than just a means of getting from point A to point B.
As such, Kia designed the EV5’s interior to be closer to a home lounge instead of a traditional car cabin.
The pushed-back D-pillar provides extra interior space, which flexes its versatility with a rear bench that can fold flat. Additional storage space can be found under the floor.
The EV5 also boasts a new dashboard design with dual displays, including a modern central infotainment and digital gauge cluster. Check out the EV5 in detail in Kia’s latest video.
Although powertrain details and pricing will be revealed during Kia EV day next month, the EV5 is expected to ride on Hyundai’s E-GMP platform.
Leaked MIIT data showed the Chinese model will utilize a 214 hp single electric motor with 310 Nm torque. It’s also expected to be powered by BYD’s Blade LFP batteries, yet Kia has not confirmed this.
The EV 5 is expected to compete against Tesla’s Model Y at 4,615 mm long, 1,875 mm wide, and 1,715 mm tall. It will be produced in China and exported to other markets.
Kia’s joint venture revealed that the EV5 will start at roughly $22,000 (159,800 yuan), drastically undercutting the Model Y, which starts around $36K (263,900 yuan). It will be available on November 17 in China.
Electrek’s Take
Kia has yet to confirm or deny that the EV5 will be introduced in the US. But it may make sense. SUVs continue gaining popularity for their versatility, and a compact one like the EV5 might just hit the sweet spot.
Although it likely won’t be offered at $22K, if Kia can keep prices competitive, the electric SUV could help the brand transition in the EV era. But first, it will need to make its mark in a competitive Chinese EV market.
With a modern interior and exterior design aimed at millennials, the EV5 will help Kia as it targets 1.6 million EV sales globally by the end of the decade.
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The Stripe logo on a smartphone with U.S. dollar banknotes in the background.
Budrul Chukrut | SOPA Images | LightRocket via Getty Images
Stripe cut 300 jobs, representing about 3.5% of its workforce, mostly in product, engineering and operations, CNBC has confirmed.
The payments company, valued at about $70 billion in the private markets, still expects to increase headcount by 10,000 by the end of the year, which would be a 17% increase, and is “not slowing down hiring,” according to a memo to staff from Chief People Office Rob McIntosh. Business Insider reported earlier on the cuts and the memo.
A Stripe spokesperson also confirmed to CNBC that a cartoon image of a duck with text that read, “US-Non-California Duck,” was accidentally attached as a PDF to emails sent to some of the employees who were laid off. Some of the emails mistakenly provided affected employees with an incorrect termination date, the spokesperson said.
McIntosh sent a follow-up email to staffers apologizing for the “notification error” and “any confusion it caused.”
“Corrected and full notifications have since been sent to all impacted Stripes,” he wrote.
In 2022, Stripe cut roughly 1,100 jobs, or 14% of its workers, downsizing alongside most of the tech industry, as soaring inflation and rising interest rates forced companies to focus on profits over growth. The Information reported that Stripe had a few dozen layoffs in its recruiting department in 2023.
Stripe’s valuation sank from a peak of $95 billion in 2021 to $50 billion in 2023, before reportedly rebounding to $70 billion last year as part of a secondary share sale. The company ranked third on last year’s CNBC Disruptor 50 list.
In October, Stripe agreed to pay $1.1 billion for crypto startup Bridge Network, whose technology is focused on making it easy for businesses to transact using digital currencies.
Brothers Patrick and John Collison, who founded Stripe in 2010, have intentionally steered clear of the public markets and have given no indication that an offering is on the near-term horizon. Total payment volume at the company surpassed $1 trillion in 2023.
WATCH: Early Bridge investor weighs in on $1.1 billion Stripe deal
Thinking about upgrading your EV? Rivian (RIVN) launched a new promo on Tuesday, offering up to $6,000 to upgrade your R1S or R1T. Here’s how you can snag some savings.
Rivian R1S and R1T upgrade deal offers up to $6,000
Rivian delivered over 51,500 vehicles last year as the EV maker gains momentum. Although it was only slightly higher than the ~50,100 delivered in 2023, Rivian is expected to see even more growth this year.
After shutting down its Normal, IL manufacturing plant last April and renegotiating supplier contracts, Rivian has seen “significant cost improvements,” according to CEO RJ Scaringe.
Rivian also began delivering its next-gen R1S and R1T models last year. The new Large and Max battery packs have redesigned modules and more efficient packaging, “making them easier to manufacture and service.” For example, Rivian’s new EVs use seven ECUs, down from 17 in the first-generation R1T and R1S.
With new plant upgrades, reworked supplier contracts, and more efficient vehicles, Rivian is now passing the savings on to customers.
Rivian introduced a new promo on Tuesday, offering up to $6,000 to upgrade your R1T or R1S. The bonus amount varies by trim:
- Tri with Max battery: $6,000 USD / CAD 8,600
- Dual with Max battery and Performance upgrade: $4,500 USD / CAD 6,500
- Dual with Max battery: $3,000 USD / CAD 4,300
The offer is for current R1T or R1S owners or lessees in the US and Canada. Rivian launched the new promo on January 21, and it runs through March 31, 2025.
After you purchase or lease a qualifying vehicle, Rivian will apply a discount toward the MSRP. You must take delivery by March 31, 2025. In the fine print, Rivian stated, “You must request a trade-in estimate to qualify for this offer, but trade-in of a vehicle is not required.”
Any other models are excluded from the offer. These include Dual Standard configurations, Dual with Large battery configurations, custom builds, demo vehicles, and pre-owned vehicles.
The new offer follows Rivian’s previous upgrade promo introduced last October, giving qualifying gas-powered vehicle owners or lessees up to $3,000.
Check out the Rivian R1 Shop to view eligible models. You can see eligible Rivian R1S here and R1T models here.
Electrek’s Take
Rivian’s R1S was already the tenth best-selling electric vehicle in the US last year, with nearly 27,000 models sold. With more driving range and power at a lower cost, the electric SUV could see even more demand in 2025.
Then again, with the arrival of new luxury electric SUVs, like the Jeep Wagoneer S and Volvo EX90, Rivian will face more competition in the US.
Rivian’s latest promo comes as the Company looks to carry the momentum from the end of 2024 into the new year. The EV maker is offering other deals, including 1.99% APR for 60 months on the R1 Dual with a Max Battery and Performance upgrade.
Even if you are not eligible for the promo, we can still help you find deals on Rivian’s electric SUV in your area. You can use our links below to view offers on the Rivian R1S and R1T near you today.
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