Kia cuts European prices to fight Chinese rivals

Kia is narrowing price gaps with Chinese automakers in Europe to defend its market share. The strategy aims to leverage profits against rising EV competition.

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South Korea automaker KIA CORP is aggressively narrowing the price gap with competitors from China in European markets. CEO Song Ho-sung recently signaled a strategic shift toward a price war as Chinese manufacturers accelerate their expansion into international territories to offset slowing domestic demand.

The Kia logo is displayed on the steering wheel of an EV6 electric vehicle in Seoul, South Korea. REUTERS/Kim Hong-Ji/ File Photo
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