Fast-growing Kia America continues its hot streak as the brand posted total May sales of 71,497 units, marking the second-highest monthly sales total in company history and the tenth consecutive month of year-over-year sales increases. Sales of retail units in May totaled 65,197, marking an increase of 21-percent year-over-year, with combined sales increasing by 23-percent. Several models posting double- and even triple-digit sales increases, including: Seltos (+171-percent); Stinger (+102-percent); Carnival (+80-percent); Soul (+45-percent); Telluride (+35-percent); Sportage (+24-percent) and Sorento (+13-percent). May sales were driven by Kia’s lineup of capable SUVs, which increased 35-percent year-over-year and accounted for 74-percent of the brand’s total volume. The Sportage, Telluride and Seltos models also set best-ever May sales records, up 17-, 29- and 39-percent, respectively, over each model’s previous record-setting May performances set in 2021. In addition, Seltos set an all-time monthly sales record with sales up 15-percent over the previous best-ever monthly sales performance set by the model in March 2021. Sales of Kia’s electrified models set a new May record – posting a 33-percent increase over May 2022 – and a new any-month record up by 4-percent over the previous record which was set just last month. Sales of the all-electric Kia EV6 also set a new May sales record, increasing 7-percent over May 2022. In addition, overall sales of the model increased 80-percent over last month thanks in part to a marketing campaign and competitive lease program.

Hyundai Motor Group and LG Energy Solution (LGES) announced an EV battery cell manufacturing joint venture in the U.S. today.

Hyundai Motor Group (the Group) affiliates Hyundai Motor Company and Kia Corporation today jointly announced the renewal of their longstanding partnerships with FIFA through 2030. The renewed agreement welcomes Group subsidiaries Boston Dynamics and Supernal into the fold.