Kia took just about everyone by surprise last month when it unveiled the Concept EV5 pictured here. During the CEO Investor Day event held today in Seoul, the South Korean brand announced the production version will be launched in China in the fourth quarter of the year. When the concept was introduced, Kia suggested it would offer the purely electric crossover in other markets at a later date, but without going into any details.
During the same conference, the next-generation Rio subcompact model was announced, with production to kick off in Q4 at the company's plant in Mexico where the current car is assembled. In addition, 2023 will see the introduction of a tiny Ray EV in the third quarter. No fewer than "five product enhancement models" are planned to debut in the remaining months of the year.
