BRIEFLY: Kia, BYD, Oil Shocks & more | 27 Apr 2026
EV News Daily - Technology and Business of EVs
Martyn Lee
4.8 • 749 Ratings
🗓️ 27 April 2026
⏱️ 6 minutes
🧾️ Download transcript
Summary
It's EV News Briefly for Monday 27 April 2026, everything you need to know in less than 5 minutes if you haven't got time for the full show.
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Kia CEO Song Ho-sung announced a deliberate price-cutting strategy at the company's Investor Day, narrowing the price gap with Chinese rivals like BYD from 20–25% to 15–20%. Despite reporting a quarterly profit decline on 24 April due to higher European sales incentives, Kia says its solid profit base can sustain the strategy, with the upcoming EV2 small SUV set to challenge the BYD Dolphin Surf directly.
BYD unveiled the production Denza Z at the 2026 Beijing Auto Show — an all-electric supercar with around 1,000 hp, a sub-two-second 0–60 mph claim, and three variants including a coupe and convertible. Estimated at around $65,000 in China, it targets the Tesla Roadster 2 and is prioritised for European sales, with a Goodwood Festival of Speed debut planned and full technical details due in July 2026.
Rising oil prices following US and Israeli strikes on Iran and closure of the Strait of Hormuz are shifting the economic case toward EVs, accelerating a consumer tipping point already supported by better batteries. A large EV fleet could transform UK grid stability through vehicle-to-grid systems, with Ofgem estimating that half of projected EVs on V2G by 2030 could provide 16GW of flexible capacity — five times the projected output of Hinkley Point C.
ECIU data shows eight of the UK's 10 best-selling PHEVs carry a higher sticker price than comparable EVs, with an average gap of £4,150 or 10%, even as the average new EV has fallen below the average new petrol car for the first time. Real-world PHEV fuel costs run 490% above official figures, pushing annual fuelling costs to around £1,030 — £620 more per year than an equivalent EV — making total cost of ownership over £1,000 per year higher than going fully electric.
Omoda & Jaecoo reached one million cumulative global sales in April 2026, just three years after its international debut, recording monthly sales of over 60,000 units in March and operating across 69 markets with 1,364 dealers. Europe drove 41.5% of total global sales, with a 246% year-on-year rise in March, and the brand ranked sixth in the UK with a 4.7% market share — with Omoda & Jaecoo now targeting one million annual sales by 2027.
GWM has withdrawn the Ora 03 electric hatchback from the UK market after only 542 units were registered across all of 2025 and just 26 in Q1 2026, ending a four-year run for the model originally launched as the Funky Cat. No new stock will be supplied, with the car available only from existing dealer inventory as GWM shifts focus to a broader European growth strategy.
Leapmotor's B05 compact hatchback will launch in Europe starting at €26,900 in Italy, undercutting every major rival by at least €10,000, including the Volkswagen ID.3 at €40,990, the BYD Dolphin at €35,000 and the MG4 at €34,000. At 4,430 mm long with rear-wheel drive, 160 kW, a 0–100 km/h time of 6.7 seconds and DC fast charging peaking at 174 kW, it combines size, performance and price in a package that directly targets the mainstream European EV market.
US EV makers including Tesla, Rivian and Lucid are escalating efforts to bypass the dealer franchise model, which still controls 96% of new-vehicle deliveries, using new legal strategies and ballot initiative threats — though the three brands combined held less than 4% of the US light-vehicle market in 2025. The bigger industry fear is not EV startups but legacy or foreign brands like Volkswagen's Scout Motors breaking the model open for all manufacturers, which could fundamentally reshape US auto retail.
MG Motor reportedly favours Spain — particularly Galicia — over Hungary for its first European EV manufacturing plant, driven largely by Galicia's strong shipping links to the UK, MG's most important European market. No final decision has been made, but the move is driven by SAIC facing the EU's highest Chinese automaker tariff rate of 35.3%, even as producing cars in Europe will cost more than manufacturing them in China.
Recurrent's 2026 EV Market and Trends Report found that the average EV retains 97% of its range after three years and 95% after five years, with five brands — Cadillac, Ford, Hyundai, Mercedes and Rivian — showing zero apparent range loss over five years. Used EV demand surged 53.9% between February and March 2026, with the average used EV now priced at $34,653 — just $1,012 below an equivalent ICE vehicle — while average new EV range for 2026 models rose 11% to 325 miles.
Transcript
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| 0:00.0 | My name is Kathleen and this is my NHS story. |
| 0:04.0 | Having a persistent cough is quite socially embarrassing. |
| 0:07.6 | So I went to see a respiratory nurse who sent me off for an x-ray at my local CDC and they were offering Sunday appointments and evening appointments which was great. |
| 0:17.0 | The government is opening new community diagnostic centres, with many already available 12 hours |
| 0:21.4 | a day, seven days a week, so the NHS can be there for all of us when we need it. Find your closest |
| 0:25.6 | one at gov.uk slash NHS fit for the future, available Englandwide. My name is Kathleen, |
| 0:32.3 | and this is my NHS story. Having a persistent cough is quite socially embarrassing, so I went to see a respiratory nurse |
| 0:40.5 | who sent me off for an x-ray at my local CDC, and they were offering Sunday appointments |
| 0:45.2 | and evening appointments, which was great. The government is opening new community diagnostic |
| 0:49.2 | centres, with many already available 12 hours a day, seven days a week, so the NHS can be there |
| 0:53.8 | for all of us |
| 0:54.4 | when we need it. Find your closest one at gov.uk slash NHS fit for the future, available England-wide. |
| 1:00.1 | It's TV News briefly for Monday 27th of April, kicking off a new week with everything you need to know in less than five minutes |
| 1:05.8 | if you haven't got time for the full-on podcast today. Kea's CEO announced a deliberate price-cutting strategy |
| 1:12.7 | that the company's investor day, narrowing the price gap with Chinese rivals like BYD from |
| 1:17.7 | around 20 to 25% to 15% to 20%. Despite reporting a quarterly profit decline due to higher European |
| 1:24.6 | sales incentives, Kia says it's a solid profit base for sustaining |
| 1:28.9 | the strategy of fighting the Chinese in Europe on pricing. |
| 1:33.0 | Talking at one of those, BYD, unveiling anything but a cheap EV. |
| 1:37.0 | The production version of their Denza Z at the Beijing Auto Show, an all-electric supercar |
| 1:41.8 | with a thousand horsepower and nought to 60 times |
| 1:45.0 | less than two seconds. Three variants, including a coupé and a convertible. It's going to cost |
... |
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