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THE WHICHEV VIEW: Far Eastern influx signals increased EV affordability in 2025

By WhichEV

Kia Motors has officially unveiled the Kia EV3, its latest addition to the electric vehicle market. This new compact EV SUV is poised to redefine the sector with its combination of state-of-the-art technology, bold design, and leading-edge features, aimed at making sustainable mobility more accessible.

Kia plans to launch the EV3 first in Korea in July 2024, followed by a rollout in Europe and other regions later in the year. This global campaign, under the banner of ‘A moving power,’ underscores Kia’s commitment to innovation and its goal to enhance EV accessibility worldwide. The launch of the EV3 is expected to make a significant impact on the market, bringing high-end EV technology and design into the more accessible compact SUV sector.

What’s more, Shanghai-based electric vehicle (EV) manufacturer Nio is set to make a significant entry into the UK market in 2025, according to founder, chairman, and CEO William Li. At a recent media event in Amsterdam, Li underscored the company’s determination to expand in Europe despite potential challenges such as increased tariffs. “Electric vehicles are crucial for the positive development of the environment and should never be a political target,” Li remarked during the event.

This is the company that launched ‘3 minute battery swap‘ technology back in 2023 – which appears to be going well. It also launched a 620-miles range ET5 with a 150kWh battery in December 2021, and that model is finishing its final factory test cycle as we type.

Looking at Nio’s plans and the EV3 alongside other high quality EVs like the Volvo EX30, the market for Stellantis & Co will be getting very competitive in 2025.

You can read more on WhichEV about the EV3 here and Nio’s strategy here.

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