Tag: business

Kia India Surpasses 250,000 Vehicle Exports Milestone

Joydip SurLeave a comment

Kia India has announced the achievement of a significant milestone of surpassing 250,000 vehicle exports. Since 2019, the company has shipped 255,133 units internationally to over 100 markets from its Anantapur manufacturing facility. The Seltos has been the major contributor, accounting for 59% of the company’s overall overseas dispatches. Kia’s other innovations – Sonet and Carens follow in second and third places, contributing 34% and 7%, respectively.

Kia India is one of the key export hubs for the Kia corporation. However, in recent years, the company has focused more on selling its cars in the domestic markets and is now going to make 90% of products for India from this year. At present Kia India exports to over 100 international markets from its Anantapur facility. A few of the major markets for Kia India exports include South Africa, Chile, Paraguay and Latin America. Kia’s dedication to innovation and excellence has secured its place as a global leader in the automotive industry, both in India and globally.

Mr. Myung-sik Sohn, Chief Sales Officer, Kia India said, “Our dedication to quality and innovation has driven us to this milestone. The success of our Made in India vehicles internationally shows our commitment to quality. We’ve quickly become a major market for Kia Corporation and aim to maintain this momentum. While our focus is on the domestic market, we plan to keep our exports steady this year.”

Kia’s Anantapur plant, which commenced production around five years ago, has quickly become a crucial export hub within the company’s global network. The facility’s advanced production capabilities and adherence to the highest quality standards have enabled Kia to meet the demand for RVs worldwide.

BYD Rolled Off Its 7 Millionth New Energy Vehicle

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On March 25, BYD, the world’s leading manufacturer of new energy vehicles and power batteries, became the world’s first automaker to roll off its 7 millionth new energy vehicle, the DENZA N7, which was unveiled at its Jinan factory in China, symbolizing another groundbreaking accomplishment for the brand.

BYD reached the production of 1 millionth NEV in May 2021 and rapidly multiplied this figure threefold within 18 months, then surpassed 5 million units in merely 9 additional months. In just 7 months from this mark, BYD accelerated to the
7 million milestone, showcasing a robust end-to-end supply chain and the effect of scale. In 2023, BYD’s cumulative annual sales of NEV soared to 3.02 million units, solidifying its status as the global leader in NEV sales. A variety of models from its extensive brand portfolio consistently led sales rankings within their individual categories.

Proactively engaging with the international market, BYD quickly expanded its global footprint in 2023, witnessing a surge in overseas new energy passenger car sales that exceeded 240,000 units—a 337% year-on-year growth—making it the top Chinese exporter of NEVs in 2023. Up to now, BYD’s new energy passenger vehicles have been introduced to 64 countries and regions globally, with strategic investments in manufacturing facilities in Thailand, Brazil, Uzbekistan, and Hungary. This year, BYD also becomes the official partner of UEFA European Football Championship 2024™, showcasing its new energy vehicles on the world stage.

Looking ahead, BYD commits to broadening and deepening localization strategies for its products, technologies, and brand presence across international markets, continuing to drive the global automotive industry towards a greener era.