[Edaily Reporter Kim Hyung-wook ] “I don’t think reducing our exposure to electric vehicles (EVs) just because their profitability is currently low is the right approach. In Europe, while sales of internal combustion engine (ICE) vehicles have declined, battery electric vehicles (BEVs) are growing by more than 50 percent. It’s more important to choose the right path during this transitional period than to focus on short-term profitability. There were also criticisms that hybrids weren’t immediately profitable, but they are now generating profits. I believe that if we continue with our EV strategy while expanding scale and simultaneously reducing internal costs, we can achieve profitability within two to three years, just as we did with hybrids.”...From KIA CORPORATION’s third-quarter earnings conference call on the 30th