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Kia , founded in 1944 and based in Seoul , became the second largest automotive manufacturer in South Korea in 2015 . Kia is minority owned by Hyundai after the company bought a 33.88 % stake valued at over $ 6bn . In turn , Kia holds more than 20 minority stakes in Hyundai subsidiaries .

In the EV space , the company supplies affordable yet robust EVs on a global scale . Its Kia Soul EV , a twin of its non-electric counterpart , the Focus Electric , holds a battery capable of 100-mile journeys in a relatively compact city vehicle .

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