Hyundai and Kia are on a sizzling streak. The Korean auto giants simply notched one other month of robust gross sales development in February, due to new low-cost EVs like Kia’s EV3 and the Hyundai Casper (Inster EV). With extra fashions on the way in which this 12 months, Hyundai and Kia setting the stage for an excellent larger 2025.
Hyundai and Kia gross sales rise in February with low-cost EVs
Coming off its second straight 12 months of setting a brand new world gross sales file, 2025 is shaping as much as be Kia’s largest 12 months in firm historical past.
Kia is revamping the model with a brand new lineup of trendy electrical autos as a part of its “EVs” for all technique. After launching its first three-row electrical SUV, the EV9, in 2023, the corporate is doubling down on extra inexpensive fashions.
As a part of its “EVs for all” technique, Kia is launching a sequence of electrical vehicles with costs starting from round $30,000 to upwards of $80,000.
After launching the EV5 in China in late November 2023, beginning at simply over $20,000 (149,800 yuan), Kia launched the smaller EV3 SUV final 12 months.
Kia opened EV3 orders in Korea final June beginning at roughly $30,000 (KRW 42.08 million). After securing over 10,000 reservations inside a month, Kia’s vp Received-Jeong Jeong, was already calling the compact SUV a “game-changer” in its residence market.
Much more coming quickly
Kia offered 2,257 EV3’s in Korea final month, surging 426% from the 429 offered in January. The EV3 has helped Kia’s home gross sales recuperate, rising 4.5% in February 2025.
With the EV3 now arriving in Europe, beginning at round $38,000 (36,000 euros), Kia expects abroad gross sales, which had been up 4.4%, to achieve momentum this 12 months.
Kia’s President, Tune Ho-sung, informed shareholders on Wednesday the corporate’s annual gross sales exceeded 100 trillion gained ($68.6 billion) for the primary time in 2024. It additionally notched its highest working revenue in firm historical past at 12.7 trillion gained ($8.7 billion).
This 12 months, Kia expects much more development with new electrical fashions, together with the EV4, its first electrical sedan, and the PV5, its first electrical van. Each had been launched at Kia’s 2025 EV Day final week. We additionally obtained our first have a look at the smaller, even lower-cost EV2 mannequin.
Hyundai’s low-cost Casper Electrical, which went on full-scale sale within the second half of 2024, helped increase home gross sales.
Casper Electrical gross sales elevated in Hyundai’s residence market from simply 186 models in January to 1,061 in February. Hyundai’s home gross sales rose 20% in February 2025 in comparison with the prior 12 months. The Casper EV begins at about $20,000 (27.4 million gained) in Korea.
In exterior markets, like Europe, the Casper is named the Inster EV, and it’s anticipated to assist Hyundai considerably ramp up abroad EV gross sales. In Europe, Hyundai’s compact electrical SUV begins at round $27,000 (25,000 euros).
Hyundai and Kia are on a sizzling streak within the US. Each are coming off new February gross sales information with new fashions just like the 2025 IONIQ 5 and Kia’s EV9 seeing robust demand. With extra EVs on the way in which, together with Hyundai’s three-row IONIQ 9 and the Kia EV4, the Korean automakers shall be two manufacturers to keep watch over as the worldwide auto business continues shifting to electrical.
Supply: Newsis, Hyundai Motor
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