[Concall] Kia "Achieving Double-Digit Profitability in Electric and Other Eco-Friendly Vehicles"

Jung Sung-guk, Executive Director of Kia IR, explained during the Q1 earnings conference call on the 26th that the profitability of eco-friendly vehicles, such as electric vehicles (EVs), has already reached the level of internal combustion engine vehicles. Executive Director Jung stated, "Electric vehicles have achieved double-digit profitability due to effects such as reduced material costs," and added, "Hybrid vehicles have recorded profitability close to that of internal combustion engine vehicles as economies of scale emerged from increased sales." He further explained, "Basically, because of overwhelming cost competitiveness in terms of fixed costs, eco-friendly vehicles will maintain high profitability regardless of the powertrain."

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