News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
Kia Signals Price War, Plans Price Cuts in Europe to Counter Competition from Chinese Carmakers
Kia (000270.KS) CEO Song Ho-sung stated that starting this year, the price gap between the companys models in Europe and Chinese models has narrowed from the previous range of 20%...
Reset
Send
The window will close in 5 seconds
Kia Signals Price War, Plans Price Cuts in Europe to Counter Competition from Chinese Carmakers
Close
Recommend
27
Positive
47
Negative
18
 
SHORT SELL
 
STOCK INFO
aacat by AASTOCKS
Open a new trading account to get NVDA share!

Kia (000270.KS) CEO Song Ho-sung stated that starting this year, the price gap between the companys models in Europe and Chinese models has narrowed from the previous range of 20% to 25% to between 15% and 20%, with the specific gap depending on individual markets.

Europe has become a key battleground between traditional automakers and Chinese electric vehicle companies such as BYD (01211.HK)  +4.600 (+4.436%)    Short selling $1.90B; Ratio 38.638%   . Amid weak sales in the Chinese market, Chinese manufacturers are seeking rapid expansion overseas. BYDs vehicle registrations in Europe surged nearly 150% in March, far outpacing the overall European market growth of 11% and exceeding the 6% increase recorded by Kia and its parent company Hyundai Motor (005380.KS).

Related NewsCMBI Maintains Buy on BYD COMPANY (01211.HK), Overseas Business and R&D Capitalization Support Earnings Resilience
Song Ho-sung noted that Chinese carmakers are aggressively promoting low-priced electric vehicles, with market share growth in some European countries far exceeding expectations. As China shifts its strategic focus from automobiles to other industries such as AI and robotics, this implies reduced support for automakers, and restructuring within Chinas automotive industry may occur earlier than expected. (mn/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-29 16:25.)



This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

Auto-translated by AI
View Original Text

AASTOCKS Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.