Kia Corp Statistics: Kia Corp. deals in the sale and manufacture of motor vehicles. The company was founded on December 11, 1944, and is headquartered in Seoul, South Korea. Kia was born in humble beginnings as a manufacturer of motorcycles and bicycles. Since then, Kia has grown to be one of the largest vehicle makers across the globe, becoming a part of the global Hyundai-Kia Automotive Group. It operates through the following segment: Recreational Vehicles, Passenger Cars, and Commercial Vehicles. It also provides leasing vehicles, providing vehicle maintenance services, and automobile parts. Kia today produces more than 1.35 million vehicles annually at its 14 assembly and manufacturing plants in 8 countries. The vehicles are sold through a network spanning more than 3000 dealers and distributors, which covers 172 countries.
Kia’s home country, South Korea, has three major vehicle assembly facilities: The Hwasung, Sohari plants, and Kwangju. It also operates a world-class research-and-development center with 8,000 Namyang technicians and a dedicated environment R&D center. The Eco-Technology research institute is located near Seoul and focuses on hydrogen fuel cell vehicles of the future, as well as advanced end-of-life vehicle recycling technologies. Kia devotes 6% to R&D each year and has research centers in Germany and Japan.
Statistics:
Kia Corp Statistics and Revenue:
Between the 2013 and 2021 fiscal years, Kia’s overall revenue increased. The Kia Motor Corporation’s 2021 fiscal year generated revenue of US$ 58,682 million.
Kia Net Income:
This chart shows the net income for Kia Motors between 2014 and 2021. Kia Motors’ 2021 net income was US$ 3,999 million.
Kia Corp Statistics and Net Sales, by Region:
This statistic displays Kia Motors’ net sales distribution by region in 2021. Kia Motors’ North American net sales exceeded its domestic nets by US$ 1,339 million.
Kia Vehicle Sales:
This statistic displays Kia’s vehicle-sales figures between 2009 and 2021. The 2021 fiscal year saw around 2.77 million vehicles sold to customers all over the globe by Kia Motors Corporation. This was a rise from the previous year’s 2.6 million.
Kia Corp Statistics and Vehicle Sales, by Region:
The 2021 fiscal year saw Kia’s wholesale vehicle sales split into five regions, namely the United States, Korea, Europe, China, and Others. Around 21.2% of Kia’s vehicle purchases were made to Americans in the fiscal year 2021.
Kia Corp Statistics at a glance:
- Sales Revenue: US$ 58,682 million
- Sales Volume: 2.662 million vehicles (including Complete Knock Down).
- Number of Eco-Friendly Vehicles Sold: 210,463
- HEV: 117,162
- PHEV: 39,208
- EV: 54,093
- Global Workforce: 51,899
- 1 New Model Quality by J.D. Power “US Initial Quality Study”
Sustainability Management Strategy:
Kia Corp. has expanded the roles responsible for sustainability management in order to make it more internalized. The Board of Directors has a Sustainability Management Committee that oversees all non-financial issues. It makes reports, discusses ESG plans, and implements progress at least twice annually. ESG factors are also considered in the company’s ESG management system. KPIs are set for each department. The company-wide councils have been strengthened. They are under the Social division, Governance Division, Strategy division, and Environmental division. ESG issues are dealt with promptly through the ESG meetings in the first half and second year. Their outcome is reported back to the Board of Directors as well as the management. The company ensures transparency in all communication with stakeholders by publishing sustainability data via Sustainability Report (Annual Report) and ESG Special Report.
Kia Green Light Project:
Kia Corp.’s CSR initiative worldwide is the “Green Light Project”. It promotes self-reliance for local communities in poor countries. Since 2012 when the Green Light Project was launched, Kia has grown their base every year, now having projects in 12 local communities and eight African countries. One in Asia. It consists of a mobility program, a self-reliance project, and a base center.
First, the base center is set up to support local infrastructure according to the UN Sustainable Development Goals. Kia created middle and high schools, vocational training centers, health centers, and environmental centers based on the needs of the community.
The second is the mobility program, which creates unique value for base centers by using the company’s mobility capabilities. Students can use school buses to travel to school and the health center provides mobile clinics for those who need treatment or vaccinations.
Finally, the self-reliance programs are intended to ensure that local communities continue to receive support from the base center and mobility programs even after the sponsorship has ended. At this stage, they have the opportunity to develop their own capabilities, based on their requirements, including covering the operating expenses with their own profit model and then transferring the business or government to the local institution.
The Green Light Project will continue to grow into a carbon offsetting project in response to global climate change. Going one step further, it will support the self-reliance of local communities in developing countries.
Kia Corp Statistics and Materiality Assessment:
Kia performs annual materiality analyses to identify its key sustainability issues and impact on its business, stakeholders, and partners. This process includes a combination of stakeholder surveys and media analysis to identify sustainability issues. Out of 26 issues, 12 core issues were identified.
Process:
- Establish a pool of sustainability problems based upon industry trends and global initiatives
- Special 26 issues using media analysis, benchmarking, or internal analysis.
- Based on risk management priority, identify 12 key issues out of 26
- Verify the compatibility validity of the assessment progress scope and boundaries.
Kia Investment and Research for Innovative Technology:
Kia intends to be the leader in future mobility by developing Level 03 autonomous driving technology and mass-producing various vehicle types. Global companies are working together to build Level 45 technologies. Kia will work hard to provide customers with safe and reliable autonomous driving solutions.
Kia plans to be the First Mover in the future mobility industry by investing more than 10 trillion KRW in future technologies by 2025. Through continuous research and investment, we will realize our goal to be a major growth engine. We will also strengthen our competitiveness in key future technologies such as mobility, UAM, electrification, robots, automated driving, and Fintech.
Kia Global Recognition:
Kia Telluride, and Soul EV, were awarded the 2020 World Car of the Year (WCOTY), and the 2020 World Urban Car (WCA) in the 2020 World Car Awards. Telluride, in particular, was the first Korean auto brand to win WCOTY. This increased Kia’s brand recognition.
WCOTY, the highest award category of WCA, is one of the top three automotive awards in the world. Telluride was awarded it. Telluride, Kia’s North America-exclusive model, has been receiving positive reviews and attention from consumers. This is due to its spacious interior, attractive design, outstanding on/off-road performance, and excellent localization.
Soul EV has been nominated for “World Urban Car” because of its eco-friendly and emission-free performance and versatility. The car can go 452 km (64kWh in Korea), 386 km in Korea, and WLTP in Europe on one charge. It also has an electrified powertrain which can be powered by either 39.2kWh (or 64kWh) batteries.
Kia Recent Developments:
2022
- Kia was partnered for the fourth time with the League of Legends European Championship, in January.
2021
- Kia Motors Corp. changed its name to Kia Corp in January.
- Apple and Kia Motors jointly announced plans in February to create an autonomous electric vehicle.
- Meridian Audio was awarded a contract by the company in March for a 14-speaker surround audio system for the K8 sedan.
- In June, the company revealed that it would launch the Kia K3 EV in China.
- Kia Motors, Hyundai Motor Co, and Hydrogen Solutions Inc. signed a memorandum of understanding in July. The purpose of the agreement was to develop and commercialize a water electrolysis system that produces green hydrogen.
- Kia Motors, India’s first digital showroom, opened in Mumbai, Maharashtra (India) in July.
- Kia’s all-electric EV6 sedan was introduced in South Korea in August.
- Kia reached an agreement in August to sell its New York Kia dealership to LMP Automotive Holdings, Inc.
- Kia Motors and Factorial Energy joined forces with Hyundai Motor Company to create solid-state batteries for the next generation of electric vehicles.
- Kia Motors and Hyundai Capital Service agreed to acquire an additional 20% stake in December. This provider of financial services was looking for solutions.
