The Business Times
business-time-50
SUBSCRIBERS

Kia to debut made-in-Singapore EV5 as part of Apac EV strategy 

South Korean carmaker to take on Chinese EV brands with less expensive, mainstream offerings for the region

Summarise
google-preferred-sourceAdd BT as a preferred source
Derryn Wong

Derryn Wong

Published Wed, Jan 8, 2025 · 07:52 PM — Updated Thu, Jan 9, 2025 · 07:19 PM
    • Kia's EV5 will have a Singapore-only version with less than 110 kilowatts of power, making it eligible for a less expensive Category A COE.
    • Kia's EV5 will have a Singapore-only version with less than 110 kilowatts of power, making it eligible for a less expensive Category A COE. PHOTO: DERRYN WONG, BT FILE

    SOUTH Korean carmaker Kia will launch its first made-in-Singapore car, an electric sport utility vehicle (SUV), at the Singapore Motorshow on Thursday (Jan 9).

    The EV5 will be built at the Hyundai Motor Group Innovation Center Singapore in Bulim Avenue, with the first deliveries to begin in April. Its pricing starts at under S$200,000 with a Certificate of Entitlement (COE).

    Hyundai Group is the parent company of Kia and Hyundai. The facility currently produces the Hyundai Ioniq 5 and Ioniq 6 electric vehicle (EV) models for the Singapore market, as well as an Ioniq 5 robotaxi for export to the US.

    KiaElectric vehiclesHyundaiAutomotive

    TRENDING NOW

    As household size is hardly growing, is there a need to build super-large landed homes?

    Think twice about rebuilding that old landed property into a super-big house to max out GFA

    Trading under the symbol SPCX, SpaceX has picked a handful of brokerage firms to distribute shares in the IPO to retail customers in the US.

    SpaceX’s US$1.75 trillion IPO: How retail investors, including those in Singapore, can buy shares

    Source of wealth establishment processes are typically the most time-intensive elements in onboarding ultra-high-net-worth clients.

    Battle for Asia’s ultra-rich: ‘Singapore can’t afford to keep losing clients to Dubai, Hong Kong’

    Fears of the AI rally overheating have led to tech stocks taking a hit globally.

    Tech rout sweeps Asia as AI rally jitters spark sell-off

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More