Earlier in January, Kia Motors unveiled its 'Plan S' mid- to long-term future strategy, outlining the brand's plans to transition its future businesses to focus on BEVs and mobility solutions. Kia is focused on securing a global EV leadership position by launching dedicated BEV models and innovating in areas such as production, sales and services. Kia Motors is undergoing a company-wide transformation in order to realise 'Plan S'. The CV model, due to launch in 2021, will encapsulate the brand's attitude towards innovation and change, presenting a new design direction that signifies Kia's transition to an EV-focused business strategy. Kia's new design philosophy embraces progress, diversity and a rich composition of contrasting elements. Kia is innovating its vehicle planning, development and production to actively reflect diverse customer needs from the product planning stage. Kia is planning to respond to market demands by offering diversified product types, with a range of models suitable for urban centres, long-range journeys, and performance driving. Furthermore, by adapting its new Electric-Global Modular Platform (E-GMP), Kia will be able to offer vehicles with best-in-class interior spaciousness. Kia Motors is also seeking to innovate its sales practices for EVs. The brand is exploring the creation of subscription services to offer a diversified buying option for customers, as well as EV battery leasing and rental programs, and other 'second-life' battery-related businesses. In addition, Kia Motors plans to expand its global after service infrastructure for EVs. Kia aims to increase its number of dedicated EV work bays in Korea to 1,200 by 2030. In other markets worldwide, Kia will increase its number of EV work bays to 600 by the end of this year, and more than 2,000 by 2023. Kia also plans to develop its own programs to train EV maintenance professionals. Kia sees the expansion of electric charging infrastructures as a pre-condition for the popularisation of EVs and continues to explore activities worldwide to improve charging accessibility for drivers. In Korea, Kia will strengthen business activities that directly lead to the construction of a charging infrastructure. Initially this will rely on its existing network of nationwide sales branches, dealerships and service centres, with Kia aiming to supply around 1,500 EV chargers by 2030. Furthermore, Hyundai Motor Group will install 120 Ultra-Fast Chargers by 2021 in urban centres and along twelve highways linking eight provinces across the country. Worldwide, Kia is establishing more than 2,400 EV chargers in Europe and around 500 in North America, partnering with its dealer networks. Kia plans to continue to increase its charging infrastructure in line with the growing market for EVs. Furthermore, Kia is striving to secure a comprehensive charging infrastructure for customers through strategic alliances, starting with a strategic investment in IONITY, a European company specialising in high-speed EV charging, in September last year. Kia is also seeking charging infrastructure partners for the U.S. and China to provide an optimised infrastructure tailored to conditions in each market, while strengthening cooperation to leverage new charging technologies. Kia is supporting its efforts to establish a leadership position in the global EV market through active collaboration with governments and by engaging in other commercial partnerships. Having established a new start-up in July this year, Purple M (specialising in providing customised e-mobility services based on EVs), Kia also plans to enhance collaboration with various government organisations to expand cooperation in several areas, including the conversion of public transportation to electric power, and the construction of EV charging infrastructures.
Kia's 'Plan S' strategy – a transition to electrification