[Concall] Kia: "Minimal Profitability Impact Despite Additional Tariffs on Mexico-produced 'K4'"

Kia stated on the 24th that the 'K4' manufactured in Mexico and exported to the United States is unlikely to be significantly affected by the additional 25% tariff imposed by the U.S. on Mexico, saying, "The long-term impact will not be substantial."

During the Q4 2024 earnings conference call, Kia mentioned, "Approximately 120,000 units of the K4 are produced at the Mexico plant and exported to the U.S., but there is a lot of uncertainty."

However, they noted, "Many companies, not just Kia, export goods from Mexico to the U.S.," adding, "Especially companies that mainly export higher-priced recreational vehicles (RVs) like us, rather than low-priced vehicles."

They continued, "In the short term, there will be additional costs equivalent to the imposed tariffs, but in the long term, we are preparing by adjusting prices and production locations," and added, "There will be no significant impact that would damage profitability."