Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. GlobalData Plc
  6. News
  7. Summary
    DATA   GB00B87ZTG26


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

GlobalData : Uber partnership to help Kia strengthen EV share in Europe, says GlobalData

06/18/2021 | 05:29am EDT
18 Jun 2021
Uber partnership to help Kia strengthen EV share in Europe, says GlobalData
Posted in Automotive

Following the news that South Korean automaker Kia has partnered with shared mobility giant Uber to supply electric vehicles (EVs) in Europe;

Bakar Sadik Agwan, Senior Automotive Consulting Analyst at GlobalData, a leading data and analytics company, offers his view:

'Kia aims 20% battery EV share in the total sales in advanced markets, including South Korea, Europe and North America. The South Korean automaker plans to expand its battery EV portfolio to 11 models by 2025 while Uber has set its target of 100,000 EVs to operate in Europe by 2025.

'With the partnership, Kia aims to supply its battery EVs to Uber drivers at discounted prices across 20 countries in Europe. Presently, Kia offers Niro EV as full-electric vehicle in Europe. Its new electric car EV6 will be also be available in Europe by next year.

'The development is followed by a similar partnership between Hyundai and Uber in April 2021, wherein Hyundai will supply its IONIQ Electric and Kona electric models to Uber in Europe. In May 2021, Uber partnered with UK-based EV start-up 'Arrival' for supply of EVs. The partnerships indicate Uber's commitment to its electrification plans. The company aims to become a fully electric mobility platform in Europe and North America by 2030 and in London by 2025.

'Globally, automakers are often seen eyeing partnerships with shared mobility players to adopt EVs in their fleets. Larger shared mobility fleets can result in faster adoption of EVs than solely depending on them for personal mobility.

'Partnership with Uber and widening of EV line-up is set to give competitive benefit to Kia in Europe, which is a key playground for company's EV business. As of 2020, 1 in 4 Kia sales in Europe were BEVs and hybrid. Kia has been strengthening its foothold in the European market and sales are on rise despite global turbulence in the auto industry. January-May 2021 market share for Kia in Europe increased to 7.5% from 7.2% in same period a year ago. The partnership is set to further strengthen Kia's position in the European EV market.'


GlobalData plc published this content on 18 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 June 2021 09:28:04 UTC.

© Publicnow 2021
All news about GLOBALDATA PLC
07/23GLOBALDATA : The Olympics will allow Japan to demonstrate its robotics capabilit..
07/23GLOBALDATA : Simpson Thacher & Bartlett and Latham & Watkins were top M&A legal ..
07/23GLOBALDATA : Goldman Sachs and PwC were top M&A financial advisers by value and ..
07/23GLOBALDATA : China and India likely to be pitched for Russia's next-generation S..
07/23GLOBALDATA : Ryanair's bullish summer 2022 plans likely to pay dividends, says G..
07/23GLOBALDATA : 12-month total prevalent cases of migraine to reach 73.7 million by..
07/23GLOBALDATA : Growth in Hong Kong wealth market to drive affluent population grow..
07/23GLOBALDATA : Hutchmed Orpathys better positioned to gain from AstraZeneca commer..
07/22GLOBALDATA : Loss of world heritage status could prolong Liverpool's tourism rec..
07/22GLOBALDATA : B Corp certification could represent the future of sustainable tour..
More news
Sales 2021 192 M 263 M 263 M
Net income 2021 31,0 M 42,6 M 42,6 M
Net Debt 2021 52,2 M 71,8 M 71,8 M
P/E ratio 2021 77,8x
Yield 2021 1,11%
Capitalization 1 947 M 2 678 M 2 676 M
EV / Sales 2021 10,4x
EV / Sales 2022 9,80x
Nbr of Employees 3 472
Free-Float 29,1%
Duration : Period :
GlobalData Plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends GLOBALDATA PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 5
Last Close Price 1 650,00 GBX
Average target price 1 527,20 GBX
Spread / Average Target -7,44%
EPS Revisions
Managers and Directors
Michael Thomas Danson Chief Executive Officer & Director
Graham Charles Lilley Chief Financial Officer, Secretary & Director
Murray Legg Independent Non-Executive Chairman
Peter Martin Harkness Independent Non-Executive Director
Catherine Birkett Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
S&P GLOBAL INC.27.31%99 332
RELX PLC15.26%51 937
MSCI INC.29.66%43 828
EQUIFAX INC.31.23%29 086