Kia reports 23% drop in net income in Q1

South Korean automaker Kia Corporation announced a 23.5% driblet successful nett profits to KRW 1.83 trillion (US$ 1.24 billion) for the archetypal 4th of 2026, from KRW 2.39 trillion a twelvemonth earlier, which it blamed chiefly connected the instauration of import tariffs successful the US past year.

Operating profits plunged by astir 27% to KRW 2.21 trillion won successful this period, with the institution estimating that the instauration of import tariffs by the Trump medication successful the US outgo it KRW 755 cardinal successful further expenses.

Kia reported a 5.3% summation successful planetary income revenues to a grounds KRW 29.5 trillion successful the archetypal 3 months of 2026, portion planetary wholesale deliveries roseate by conscionable nether 1% to 779,741 vehicles – including 141,000 units successful South Korea and 638,000 units overseas.

The institution estimates that its stock of planetary conveyance retail income deed a grounds precocious of 4.1%, driven by a 33% emergence successful electrified vehicles, including artillery electrical vehicles (BEVs) and hybrid electrical vehicles (HEVs)s, to 232,000 units – accounting for astir 30% of Kia’s full sales. HEV income roseate by 32% to 138,000 units, portion BEV income surged by 54% to 86,000 units.

The institution said successful a statement: “Despite short-term costs, peculiarly US import tariffs, we proceed to grow our planetary marketplace stock and prosecute higher-margin maturation with eco-friendly vehicles. We purpose to support profitability done continued efforts to amended our income mix, by focusing connected high-value-added vehicles, and by reducing costs."

"Kia reports 23% driblet successful nett income successful Q1" was primitively created and published by Just Auto, a GlobalData owned brand.

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