South Korea's Kia Cuts 2030 Ev Target Over 20%, Plans Humanoid Robots at U.S. Factory
Published by Global Banking & Finance Review®
Posted on April 9, 2026
2 min readLast updated: April 9, 2026
Add as preferred source on GooglePublished by Global Banking & Finance Review®
Posted on April 9, 2026
2 min readLast updated: April 9, 2026
Add as preferred source on GoogleKia has reduced its 2030 EV sales target by about 20%—from 1.26 million to 1 million units—and trimmed its total vehicle sales goal slightly. It also revealed plans to install Boston Dynamics’ Atlas humanoid robots at its Georgia factory starting around 2029 in an automation push.
SEOUL, April 9 (Reuters) - South Korean automaker Kia Corp plans to boost its investment plan over the next four years by 30% to boost vehicle electrification, software and other new businesses, according to an investor presentation on Thursday.
The company plans to raise its investments to 41.4 trillion won ($27.95 billion) from 2026 to 2029, it said.
The presentation also showed Kia cut its 2030 target for electric vehicle sales by about 20% to 1 million units, reflecting weaker demand and the scrapping of EV subsidies in the U.S. last year.
Shares in the automaker slid, trading down 4.2% after earlier having risen as much as 2.5%.
Kia also said it plans to introduce a test version of its so-called software-defined vehicles by the end of 2027, which would mark a one-year delay. Hyundai Motor Group had touted the SDVs, which allow vehicles to improve features and functions constantly similar to Tesla vehicles.
Kia also said it plans to launch a model equipped with semi-automated driving technology for both highways and urban driving environments in early 2029, followed by a fully autonomous robo-taxi model in 2030.
Kia joined sister firm Hyundai Motor in unveiling plans to deploy Atlas humanoid robots developed by Boston Dynamics. It will use them at a factory in the U.S. state of Georgia from 2029.
Hyundai plans to use the robots at a new plant in Savannah, Georgia, from 2028 and has said it aims to build a factory capable of manufacturing 30,000 robots annually by that time.
($1 = 1,481.1000 won)
(Reporting by Heekyong Yang and Hyunjoo Jin; Editing by Edwina Gibbs and Christian Schmollinger)
Kia reduced its target by over 20% due to weaker EV demand and the removal of U.S. EV subsidies.
Kia now aims to sell 1 million electric vehicles by 2030, down from the previous target of 1.26 million.
Kia trimmed its overall 2030 vehicle sales goal to 4.13 million units, reduced from 4.19 million.
Kia will deploy Atlas humanoid robots, developed by Boston Dynamics, at its Georgia factory starting in 2029.
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