Kia launched its new EV5 electric SUV in China Friday. With a starting price of around $20K (149,800 yuan), the EV5 is expected to take on market leaders, including Tesla’s Model Y.
Can Kia compete in the world’s largest EV market? The South Korean automaker hopes to achieve that with its new compact electric SUV.
Kia officially unveiled the EV5 in August as a family-friendly electric SUV. After opening pre-orders in China on August 25, Kia revealed prices would be much lower than expected.
Although local reports expected starting prices of around $40,000 (300,000 yuan), Kia is launching the EV5 at half that.
The EV5 officially launched Wednesday with a starting price of $20,700 (149,800 yuan). That significantly undercuts the Tesla’s Model Y, starting at 266,400 yuan ($37,000).
At 4,615 mm long, 1,875 mm wide, and 1,715 mm tall, the EV5 will compete directly with the Model Y (L – 4,760 mm, W – 1,921 mm, H – 1,624 mm).
Kia’s electric SUV will compete with low-cost EVs from leaders like BYD. BYD is dominating the market with affordable EVs like the Dolphin electric hatchback and Yuan Plus.
The Dolphin starts at around $17,000 (126,800 yuan), while the Yuan Plus is priced at $19,000 (139,800 yuan).
Kia launches $20K EV5 to take on BYD, Tesla
Influenced by its flagship EV9’s design, the EV5 “brings a new era of electric mobility to the compact SUV sector to meet the needs of millennial families.”
The EV5 features Kia’s new “Opposites United” design, including a rugged, boxy exterior with powerful fenders.
You will notice the new “Tiger Face” up front, replacing Kia’s signature “Tiger Nose” grille. The vehicle’s three-dimensional “Star Map Lighting” further emphasizes the SUV’s aggressive design.
Since millennials use their SUV as an “additional room,” according to Kia, the EV5’s interior is designed to be more like a home lounge. A pushed-back D-pillar extends the interior space. Meanwhile, the folding rear bench provides ultimate flexibility with additional storage under the floor.
Equipped with Kia’s connected car Navigation Cockpit (ccNC), the EV5 features a panoramic wide display. This includes a dual 12.3″ cluster and infotainment and a 5″ climate control display.
Kia kept the interior simple with few buttons, resulting in a minimalist feel. Instead, four hidden hard keys are held under the central AVNT screen.
Based on Hyundai’s E-GMP platform, the EV5 will come in three variations: standard, long-range, and long-range AWD.
The standard Kia EV5 trim, starting at around $20K, is equipped with a 64.2 kWh BYD Blade battery pack and 160 kW motor, providing up to 530 km (329 miles) CLTC range. The long-range model features an 88.1 kWh battery for up to 720 km (447 miles) CLTC range.
That’s not too far off from Tesla’s Model Y. The Model Y RWD, starting at 266,400 yuan ($37K), features 554 km (344 miles) CLTC range. The Model Y long-range, starting at 302,400 yuan ($42K), includes up to 544 km (338 miles) range.
Electrek’s Take
Kia’s new electric SUV could play a significant role as the automaker looks to expand in the biggest EV market globally.
At nearly half the cost, Kia’s EV5 is aimed at rival market leaders like Tesla’s Model Y. It will also take on low-cost competitors like the BYD Dolphin and Yuan Plus EVs.
The only thing Kia needs to work on now is bringing the EV5 overseas to the US. Kia’s flagship EV9 will hit US dealerships by the end of the year, but a smaller, cheaper option could sell with affordable EVs like the current Bolt EV, being retired at the end of the year.
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The Windsor, Ontario utility says it’s driving towards a more sustainable future after adding a dozen new electric vehicles to its fleet – including a state-of-the-art, 55-foot Terex electric bucket truck.
Based on a Class 7 (33,000 lb. GVWR) International eMV Series BEV, the Terex EV takes the eMV’s 291 kWh battery and adds the Terex Optima 55-foot aerial device and HyPower SmartPTO system to create a fully electrified utility service vehicle that can do anything its diesel counterparts can do while offering better, safer working conditions for utility crews.
“We’ve got 12 EVs,” said Gary Rossi, president and CEO, Enwin Utilities. That number represents fully 10% of the utility’s entire vehicle fleet. “Our centerpiece is our electric 55-feet bucket truck. It’s very quiet,” continues Rossi. “So (the truck) allows us, our crews, to communicate better. It’s not as loud in the community when they’re doing repairs in someone’s backyard.”
That notion is echoed by Terex, itself. The company says its HyPower SmartPTO (power take off), which replaces a mechanical PTO, avoids a loud idling engine while reducing workers’ exposure to toxic exhaust fumes.
“It’s all about building Windsor’s future and literally plugging into the battery factory down the road that is being constructed and showing that Windsor is a leader on this front,” says Drew Dilkens, Mayor of Windsor. “I don’t own an internal combustion engine vehicle,” adds Mayor Wilkins. “I only own two electric cars. My wife and I, we made the change starting in 2019 and I can’t see myself ever going back.”
CTV News Windsor
Enwin says its commitment to clean energy extends beyond its vehicle fleet. The company recently unveiled a massive MW solar rooftop net metering facility at its Rhodes Drive headquarters with over 3,000 solar panels. The site, one of Canada’s largest solar installations, generates enough clean electricity to power 300 homes annually.
Built by Damen Shipyards and the first fully electric tugboat to be deployed in the Middle East, the new RSD-E Tug 2513 Bu Tinah put in its record-breaking performance took place at Khalifa Port during ADIPEC, the world’s largest energy conference.
The RSD-E Tug 2513 is based on the already efficient hull design of the standard, diesel-powered RSD Tug 2513, but its new, fully electric propulsion arrangement enables it to offer zero emissions operations in situations where oil or fuel leakage would be – let’s say especially bad.
But, while the “clean” aspect of all-electric operation is obvious, its Guinness World Record of performance shows that the Damen RSD-E Tug 2513 is up to whatever task its owners put to it.
“This Guinness World Record achievement demonstrates that the transition to alternative energy does not come at the cost of performance,” explains Maritime & Shipping Cluster, AD Ports Group, Captain Ammar Mubarak Al Shaiba. “We are very proud that the first electric tug in the Middle East is also making waves on a global level with this accolade and the fact that in parallel it is improving the sustainability of our operations alongside cost efficiencies in terms of overall fuel saving is extremely important. This vessel is now a key component of our Marine Services fleet and our electrification strategy.”
To earn its record, the the Damen RSD-E Tug 2513 Bu Tinah recorded an average high peak bollard pull of 78.2 tonnes (about 86 ‘Murican tons). The record-setting tugboat can undertake a minimum of two towage operation on a single charge, and can be recharged on a marine DC fast charger in just two hours.
US President-elect Donald Trump speaks during a meeting with House Republicans at the Hyatt Regency hotel in Washington, DC on November 13, 2024.
Allison Robbert | AFP | Getty Images
President-elect Donald Trump on Saturday selected Liberty Energy CEO Chris Wright to serve as the next energy secretary of the United States.
Liberty Energy is an oilfield services company headquartered in Denver with a $2.7 billion market capitalization. The company’s stock gained nearly 9% on Nov. 6 after Trump won the U.S. presidential election, but its shares have since pulled back.
Wright serves on the board of Oklo, a nuclear power startup backed by OpenAI CEO Sam Altman that is developing micro reactors.
Wright will also serve on Trump’s Council of National Energy, the president-elect said Saturday. The council will be led by Trump’s pick for Interior Secretary, North Dakota Gov. Doug Burgum.
Wright has denied that climate change presents a global crisis that needs to be addressed through a transition away from fossil fuels.
“There is no climate crisis and we’re not in the midst of an energy transition either,” Wright said in a video posted on his LinkedIn page last year. “Humans and all complex life on earth is simply impossible without carbon dioxide. Hence the term carbon pollution is outrageous.”
“There is no such thing as clean energy or dirty energy,” Wright said. “All energy sources have impacts on the world both positive and negative.”
Trump described Wright as a “leading technologist and entrepreneur in the energy sector.”
“He has worked in Nuclear, Solar, Geothermal, and Oil and Gas,” the president-elect said in a statement Saturday.
“Most significantly, Chris was one of the pioneers who helped launch the American Shale Revolution that fueled American Energy Independence, and transformed the Global Energy Markets and Geopolitics,” Trump said.
The U.S. has produced more crude oil than any other country in history, including Russia and Saudi Arabia, since 2018, according to the Energy Information Administration.