Kia’s net profits drop 23% in 2025 on US import tariffs

Kia Corporation, South Korea's second-largest automaker owned by Hyundai Motor Group, reported a 23% drop in net profit to KRW 7.55 trillion (US$ 5.3 billion) in 2025, blamed largely on the impact of the US import tariffs introduced last April. Revenue rose 6.2% to a record KRW 114.1 trillion (US$ 80 billion), with global vehicle sales rising by 1.5% to 3.14 million units. Strong demand for hybrid models helped increase average selling prices. Sales of electrified vehicles, including hybrids and battery e ...