European EV Rollback Would Cost Hyundai Billions

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Kia opposes postponing the ICE shutdown in 2035: European CEO Hedrich believes it would be disastrous. Find out why he made this counter-trend statement.

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"We have an avalanche of electric cars ready, and if we had to stop suddenly, it would cost us a fortune," Kia's European boss Marc Hedrich is quoted as saying by the trade magazine Automotive News Europe. The Korean automaker started production of the EV4 hatchback in Žilina last week and will start production of the EV2 small crossover there next year. The automaker has invested 108 million euros in the reconstruction of the Slovak plant. In a…

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Kia has invested tens of millions of euros to produce EV4 and EV2 in Europe. A reversal of the 2035 target would be catastrophic according to a leader of the South Korean brand. The article Unlike European brands, Kia defends the 2035 target to end the thermal appeared first on Automobile Clean.

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The new EV4 in its five-door bodywork, designed specifically for European markets, will be manufactured exclusively at the Žilina plant after an investment of 108 million euros. Now the start of its production has begun.