All data are based on the daily closing price as of September 27, 2024

Kia to Launch Purpose-Built Electric Vehicles in Japan with Sojitz Partnership

The PV5 model will debut in 2026 as Kia taps into Japan’s growing demand for electric vans
Japan
South Korea
s 2768.TSE k 000270.KO Mid and Small Cap 2000 Blue Chip 150 OM 60
Share this on

Kia Corp. has signed a sales agreement with Japan’s Sojitz Corp. to introduce its first purpose-built vehicle (PBV) model, the PV5, to the Japanese market starting in 2026. Sojitz, a diversified trading company involved in industries such as automobiles and energy, will collaborate with Kia to expand PBV sales, catering to Japan’s increasing demand for small- and medium-sized electric vans.

The move aligns with Japan’s goal of converting 30% of new car sales to electric vehicles by 2030. Kia’s PBVs are electric vehicles built on a customizable platform, offering solutions for various business and lifestyle needs. The PV5 will be equipped with CHAdeMO charging and V2X (vehicle-to-everything) technology, enhancing its appeal in the local market.

Kia plans to further grow its PBV ecosystem in Japan through local partnerships and may introduce additional models, such as the PV7, to meet diverse consumer demands.

 

 

 

 

Share this on
Jakota Newsletter

Stay ahead in the JAKOTA stock markets with our roundup of vital insights

Icon scroll to top