South Korean automaker Kia says platinum price increases impacting its costs

The logo of Kia Motor is seen on its vehicle at the 2025 Seoul Mobility Show in Goyang, South Korea, April 3, 2025. REUTERS
SEOUL, Jan 28 (Reuters) – South Korean automaker Kia Corp said on Wednesday that price increases of raw materials such as platinum, palladium and rhodium are having a major impact on its costs.
The automaker said it has not yet seen the impact from surging memory chip prices.

Reporting by Hyunjoo Jin and Heekyong Yang; Editing by Tom Hogue

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