With EV electric vehicle sales surging in India, several automakers are looking to grab their share. Kia recently revealed plans to launch three new EVs in the region, including a new Carens EV.
Kia to launch new low-cost models, including Carens EV
During its recent CEO Investor Day, Kia unveiled its new roadmap to becoming an electrification leader. The move comes as Kia looks to fend off low-cost Chinese automakers like BYD.
Kia’s new plans include introducing more hybrids while focusing on affordable electric cars. The Korean automaker plans to expand EV sales with low-cost electric cars, including the EV2, EV3, EV4, and EV5.
The new models were revealed during Kia’s first annual EV Day in October. They are part of a wide-ranging electric car line-up. Kia expects to cover most segments with prices between $25,000 and $80,000.
Kia will expand its EV line-up to 15 models in 2027 as it aims to sell 1.6 million electric cars by 2030.
The company already unveiled the EV5 in China with starting prices from $20,000 (149,800 yuan). In Australia, it will start at around $46,000 (AUD 70,000).
Kia is launching the EV3 this year, with starting prices expected to be around $30,000. The EV3 is a mini-EV9, Kia’s take on an all-electric compact crossover. It includes much of the design, tech, and features from the three-row EV9 in a smaller, more affordable package.
Next year, Kia will follow it up by launching the EV4, an entry-level electric sedan. It’s expected to start at around $35,000.
Kia plans to launch the EV2, EV3, EV4, and EV5 in major markets, including the US, Europe, and South Korea.
In emerging markets, Kia plans to deploy two new region-specific electric vehicles, including a Carens EV, for India.
Right now, the EV6 is Kia’s only electric car, but the three-row EV9 will be added later this year. The Kia Carens EV is expected to go on sale next year with starting prices around $25,000 (INR 2 million).
The news comes after Kia and Hyundai partnered with Exide Energy this week for domestic EV battery production.
Earlier today, Electrek reported that Tesla’s CEO Elon Musk is rumored to visit India this month, sparking speculation of a factory there.
EV sales in India are expected to rise another 66% after nearly doubling last year as subsidies and expanding infrastructure boost demand.
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Tesla (TSLA) has introduced a new direct discount for the Model Y in China as the latest of a series of incentives to boost demand during this critical end-of-quarter push.
The automaker regularly offers discounts at the end of every quarter, but the incentives to boost demand have been the most wide-ranging ever this quarter.
Over the last month, we have been documenting the many sale incentives and discounts that Tesla has put in place to ensure it creates the demand for a record quarter.
Tesla aims to deliver a record number of more than 515,000 vehicles in Q4 in order for its sales not to be down for the whole year. That’s ~30,000 more vehicles than Tesla’s last record quarter, which was Q4 2023.
And everywhere, Tesla is heavily subsidizing loans with lower interest rates. That has been the main incentive in China, Tesla’s biggest market, until now.
Tesla’s New Discount in China
Today, Tesla announced that it is offering a ¥10,000, the equivalent of $1,380 USD, discount on the final payment for new Model Y vehicles:
The new discount can be combined with Tesla’s subsidized 0% interest financing, which has been Tesla’s main incentive in China all year.
Electrek’s Take
Based on insurance data, Tesla is tracking ahead of last year’s deliveries in China, but it is going to need to beat its last record by a significant margin to make sure not to be down for the whole year.
Model Y is Tesla’s most popular vehicle, but Tesla is also going against the expectation of the design refresh coming early next year, which can negatively affect demand.
This discount is likely to combat that and maintain Tesla’s current good momentum in China.
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We now have more details on the massive recall, which just keeps growing. Hyundai and now Kia are recalling more than 208,000 electric vehicles in Canada and the US to fix a problem with the loss of driving power, which can increase the risk of a crash.
For the second time this year, the automakers are recalling huge swathes of EVs and other “electrified” vehicles in North America, citing concerns about a loss of driving power, the National Highway Traffic Safety Administration (NHTSA) said on Friday.
In the US, Hyundai is recalling 145,235 EVs, including the 2022 through 2024 Ioniq 5, the 2023 through 2025 Ioniq 6, GV60 and GV70, and the 2023 and 2024 G80. In Canada, Hyundai is recalling 34,529 vehicles that were produced between March and November of this year, according to Automotive News Canada.
As for Kia, the recall includes close to 63,000 Kia EV 6 vehicles from 2022 through 2024 in the US, but the company has yet to offer details on its Canada recall.
It looks like the issue stems from “the integrated charging control units in these vehicles, which may become damaged and fail to charge the 12-volt battery. This malfunction could lead to a complete loss of drive power, posing safety risks for drivers,” the NHTSA stated.
Back in March, Hyundai, Kia, and Genesis issued a similar recall for 147,110 electric vehicles – that recall centered, again, around damaged integrated charging control units failing to charge the battery.
The South Korea automaker has said that all owners of affected vehicles will be notified by letter mail on the next steps to take. This will involve bringing your vehicle to one of the company’s dealers to inspect and replace the charging unit and its fuse if necessary, along with performing a software update for the charging units.
Importantly, no crashes, injuries, fatalities, or fires due to this issue have been reported in the US or Canada, Hyundai reported.
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A group of Tesla vehicles spotted under covers at the automaker’s test track at the Fremont factory is raising some questions.
Tesla has a very small test track on the ground of its first factory, Tesla Fremont, in California.
Now and again, people fly drones over the factory and catch glimpses of new cars being tested. Youtuber ‘Met God in Wilderness’ is one of those drone pilots who regularly fly over the factory and while he didn’t catch vehicle being tested, he did catch some curious vehicles under covers next to the track:
The vehicles are all covered, and therefore, it’s hard to tell exactly what they are, but the different shapes are intriguing and raise some questions.
It looks like three, maybe four, different kinds of vehicles:
We know that Tesla is working on three new specific vehicles: a Model Y design refresh, and two new cheaper models based on Model 3 and Model Y.
All three vehicles are expected to be unveiled early next year.
Electrek’s Take
At the risk of stating the obvious, getting much information from vehicles hidden under cover can be hard. It’s even possible that some of those have shape camouflage, which is sometimes used by automakers – although I don’t remember Tesla ever using that.
So here are my best guesses. Take them for what they are: guesses.
The most interesting ones to me are the first two on the left in the picture above. The last vehicle on the left looks like it could be a smaller Model 3.: