[Conference Call] Kia: "2Q U.S. Tariff Impact at 786 Billion KRW...To Offset with Mixed Production"

On July 25, Kia announced during its second quarter earnings conference call that "the impact of U.S. tariffs on operating profit in the second quarter of this year amounted to 786 billion KRW."

Kia added, "If U.S. electric vehicle subsidies are abolished, electric vehicle sales are expected to decrease. However, at the same time, regulatory costs are also expected to decrease significantly. We plan to strengthen Kia's mixed production system, which is our core strength, and actively increase the production of hybrids and internal combustion engine vehicles in the second half of the year to expand our market share in the United States."