Kia Corporation (OTC:KIMTF) has announced a significant price cut for its EV6, EV9, and Niro EV models in South Korea, in a bid to bolster the adoption of electric vehicles. What Happened: Kia revealed that it would be reducing the prices of its EVs by up to $10,000 (KRW 13.56 million) in South Korea, reported Electrek. This reduction is part of the “EV Festa” initiative, which aims to ramp up EV production and provide added incentives for potential buyers. These adjustments are in line with the new government subsidies for electric cars. The company is offering substantial manufacturing disco…
