Kia Posts Record Q2 Revenue of KRW 33.04 Trillion, Electrified Vehicle Sales Surge 60%

Kia Corporation reported record quarterly revenue of KRW 33.04 trillion for the second quarter of 2026, up 12.6% year-on-year, driven by strong sales of electrified vehicles in major markets. Operating profit was KRW 2.63 trillion, down 4.9% due to increased incentives and higher warranty provisions from a weaker won. Net profit including non-controlling interest rose 2.6% to KRW 2.33 trillion.

Kia achieved record quarterly wholesale sales of 851,639 vehicles globally, up 4.5% year-on-year. Sales in Korea grew 8.6% to 154,816 units, while overseas sales increased 3.6% to 696,823 units. Global retail sales reached 839,000 units, up 5.8%. Despite a 3.8% decline in industry demand, Kia's global market share (retail) reached 4% in Q2, up from 3.7% a year earlier, and a record 4% for the first half.

Sales of electrified vehicles (xEVs) surged 60% year-on-year to 296,000 units in Q2, with the xEV sales mix rising to 35.3% from 23.4%. HEV retail sales jumped 61% to 178,000 units, led by the US market where HEV sales soared 151.6% to 66,000 units. EV retail sales increased 88.4% to 110,000 units, boosted by new models including the EV2, EV4, EV5, and the PV5. In Korea, EV sales surged 123.4% to 38,000 units, and in Western Europe, EV sales rose 101.5% to 52,000 units.

Kia expects solid results in the second half of 2026, targeting 3.35 million wholesale units for the full year. In the US, the company will expand Telluride hybrid production and launch the EV3. In Europe, Kia will produce the EV2 and EV4 locally and introduce the Seltos and K4 hybrids. In emerging markets, Kia plans to drive growth with locally tailored models. The company aims to achieve record annual EV sales in 2026.