The EV4 is here. Kia’s first European-made EV rolled off the line in Slovakia on Tuesday, kicking off a bigger push that includes new electric SUVs, cars, vans, and more.
The EV4 is the first Kia EV to be built in Europe
Kia is bringing back the hatch. The EV4 is Kia’s first attempt at an electric hatchback, and now, it’s the brand’s first EV built in Europe.
“The start of production is a huge milestone for us,” Kia Europe’s CEO, Marc Hedrich, said on Tuesday. He added, “From 20 August, Slovakia will build fully electric cars alongside models with hybrid and internal combustion powertrains.”
The Slovakia plant is Kia’s sole manufacturing facility in Europe and will serve as a cornerstone as the company looks to gain market share in the region. It already accounts for about 1% of Kia’s total global output.
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Kia invested 108 million euros ($125 million) to upgrade the facility for EV production, including a new battery conveyor.
The EV4 hatchback is available with two battery packs: 58.3 kWh or 81.4 kWh, offering a WLTP range of up to 391 miles. It’s also equipped with new features, such as V2L (Vehicle-to-Load) and V2G (Vehicle-to-Grid).
Kia starts EV4 hatchback production in Europe, its first EV built in Europe (Source: Kia UK)
Based on Hyundai’s E-GMP platform, the EV4 hatchback measures 4,430 mm in length, 1,860 mm in width, and 1,485 mm in height, roughly the same size as the Kia XCreed.
In the UK, the base EV4 Air Standard Range starts at £34,695 ($47,700), while the longer range model is priced from £37,695 ($51,700).
Kia EV4 hatchback trim
Starting Price
Driving Range (WLTP)
Air Standard Range
£34,695 ($47,700)
273 miles
Air Long Range
£37,695 ($51,700)
388 miles
GT-Line
£39,395 ($54,000)
362 miles
GT-Line S
£43,895 ($60,200)
362 miles
Kia EV4 hatchback prices and range in the UK
Kia also launched the EV4 Fastback, or sedan version, last month, starting at £40,895 ($55,000) with a WLTP driving range of up to 380 miles.
Unlike the hatchback, the Fastback variant will be made at Kia’s Autoland Gwangmyeong EVO plant in South Korea.
Kia EV4 models during safety testing in Europe (Source: Kia UK)
The EV3 is already the UK’s top-selling EV through the first half of the year. Following the EV4 hatch and Fastback, Kia will introduce the EV5 in Europe later this year, followed by the entry-level EV2 in 2026.
Kia is also launching its first electric van, the PV5, which is quickly rolling out to new European markets this year. The PV5 will initially be launched in Passenger and Cargo variants, but Kia plans to introduce seven different body styles, including a light camper and an open bed model.
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Palantir Technologies signage on an options contract ticker as traders work on the floor of American Stock Exchange at the New York Stock Exchange in New York, U.S., on Friday, June 20, 2025.
Michael Nagle | Bloomberg | Getty Images
If you have any U.S. technology stocks in your portfolio (and let’s face it, who doesn’t?), you might want to look away.
For the second day in a row, tech stocks dragged markets lower, with the Nasdaq Composite slipping 0.67%. Juggernauts such as Apple, Amazon and Alphabet were more meh-nificent than magnificent, falling more than 1%.
Palantir — the standout S&P 500 stock, having more than doubled so far this year — spent its sixth consecutive day in the red and lost its place among a ranking of the 20 most valuable U.S. companies.
While Palantir’s slide was partly triggered by a report from short seller Andrew Left’s Citron Research, which called the company “detached from fundamentals and analysis,” there was no single trigger for the broader pullback.
Investors could have been spooked by OpenAI CEO Sam Altman’s caution about an AI bubble forming, although some analysts dispute that assertion. “In our view the tech bull cycle will be well intact at least for another 2-3 years,” said Wall Street tech bull Dan Ives.
Or it could be something benign, like traders locking in profits. “Tech stocks,” said Carol Schleif, chief market strategist at BMO Private Wealth, “have had an incredibly strong run – with some up over 80% since the early April lows.”
Summer, after all, is far from over. Some investors might have just wanted to cash out for another round of margaritas.
What you need to know today
Fed officials divided over inflation and employment worries. Central bank governors generally agreed there were risks on both sides. But a couple — breaking from the majority — saw the labor market woes as more pressing, according to minutes of the Fed’s July meeting.
Trump likely to pick Kevin Hassett as next Fed Chair. The director of the National Economic Council firmly led the pack, according to a CNBC Fed Survey. However, respondents think the president “should” pick former Fed Governor Kevin Warsh.
[PRO] The Fed is expected to cut just as markets trade at highs. This is what tends to happen when both factors coincide, according to Goldman Sachs research.
And finally…
United States President Donald Trump participates in a Multilateral Meeting with European Leaders in the East Room of the White House in Washington, DC, US. Picture date: Monday August 18, 2025.
Aaron Schwartz – Pa Images | Pa Images | Getty Images
U.S. President Donald Trump has been on a multimillion-dollar bond-buying spree since taking office in January, investing in debt issued by local authorities, gas districts and major American corporations.
Across 33 pages of filings with the U.S. Office of Government Ethics, or OGE, dated Aug. 12, the president outlined 690 transactions that have taken place since he took office. The documents were made public on Tuesday.
— Chloe Taylor
Correction: This report has been updated to correct the spelling of Kevin Hasset’s name.
Tesla has started offering leases of certified pre-owned cars, which is relatively rare in the industry, with $0 down as it desperately tries to move vehicles before the end of the quarter.
With the federal tax credit for electric vehicles set to expire at the end of the quarter, automakers in the US are all trying to optimize EV sales, as demand is being pulled forward.
This also applies to used EVs, as the $4,000 federal incentive for used electric vehicles will also expire on September 30th.
Now, leasing used vehicles is much less common than leasing new cars, but some automakers, or mainly dealers, do offer it.
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Tesla is getting into this business for the first time.
In California and Texas, Tesla is now offering leases on certified pre-owned (aka used) Model 3 and Model Y vehicles.
These are reasonably priced and can be as low as $215 per month with $0 down for a 24-month lease and 10,000 miles per year.
Tesla also offers a 12-month lease and up to 15,000 miles annually. While there’s no down payment needed, there’s an “Acquisition Fee” of $695.
That, and the first month, is all you need to get in a used Tesla for the next year or two.
This is undoubtedly the cheapest way to get into a Tesla vehicle right now.
Tesla is trying to sell as many vehicles as possible in the US this quarter, as demand for EVs has been pulled forward due to the end of the tax credit. This is expected to result in a record quarter in the US, but it also going to create a few difficult ones in the future.
With demand being pulled forward and future buyers feeling like they missed out on EV discounts, the US EV market is expected to experience a significant slowdown over the next 12 to 18 months.
Tesla sales are down about 13% globally so far this year. While this quarter is expected to be better, many analysts still anticipate Tesla’s year-over-year performance to be down.
This year alone, Tesla added more than 50,000 electric vehicles to its inventory.
Used cars have also been piling up.
Tesla owners rushed to sell their vehicles as Tesla’s brand perception dived following its CEO’s involvement in politics.
Danish equipment makers HG build job site dumpers that help move sand, rocks, debris, construction waste, and building supplies across rugged, uneven urban job sites. And with the introduction of their newest E3000 model, they’re helping move more than three tons of that stuff without emissions and — just as crucially — without noise.
HG announced the E3000 electric site dumper just this week, adding the new 3 tonne capacity to its growing lineup of 1 and 2 tonne dumpers (that’s over 6,600 lbs., in “landed on the Moon” units). With a 180° swivel tip on the bucket as standard equipment and an optional high tip version available at launch, it should be able to handle just about anything a hard working construction crew can throw at it.
“With the HG E3000, we once again prove that electric dumpers are not only better for people and the environment. They are also more efficient, cheaper to operate, and can run more than a full working day on a single charge,” explains Nikolaj Birkerod, CEO of HG, told Power Progress. “With 3 tonne dumpers, we are proving, as we already have with 2 tonne dumpers, that we can deliver on both performance and reliability while enabling customers to save 15% per operating hour compared to a diesel dumper.”
Exact specs haven’t been released, but HG claims the E3000’s 29 kWh is good for 12 full hours of continuous, loaded operation, and that it can be fully recharged on a “standard” 220 charger (L2) in about four hours. If you’re curious about what has been released, I’ve got all that for you right here:
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The only all-electric dumper on the market that gives you 12 working hours while carrying 3 tonnes payload.
Our latest addition to accelerate 100% machinery:
3-ton payload for high-capacity material handling
12-hour working – a full day’s work without recharging
Optional high tip for quick and flexible unloading into containers and trucks
180° swivel tip as standard for precise placement of loads
Fast charging: 0–100% in approx. 4 hours with the integrated charger
Lithium 29 kWh battery with automatic heating for all-season use
One-pedal drive for smooth and intuitive operation
The E3000 is built for contractors and rental companies who demand maximum productivity without compromising on environmental responsibility.
With a carrying capacity of 3 tonnes and an industry-leading 12 hours of effective runtime on a single charge, it’s proof that heavy-duty work and zero emissions can go hand in hand.
At the heart of the E3000 is HG’s patented articulated drivetrain with four independent in-wheel motors. This unique design delivers the most energy-efficient power transfer in the industry, using significantly less power than conventional electric system. This translates directly into lower operating costs and more hours on site between charges.
No word yet on pricing or whether or not the new dumper will eventually be sold outside the European market, but we do know that HG plans to deliver the first examples of its new machine to customers by early 2026.
Electrek’s Take
E3000 w/ high-tip bucket; via HG.
While there are a lot of people outside the urban construction space who may scoff at environmental concerns, the quest for improved efficiency and cost reduction among commercial fleet managers knows no political ideology. Add in more restrictive noise regulations and the side benefits of improved job site safety and fewer sick days, and electric equipment is a no-brainer.
Simply put: If it’s better or cheaper, fleets will buy it. If it’s better and cheaper, they’ll buy two — and battery powered equipment is proving to be consistently better, in a broader scope of use cases, than diesel.
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