在起亚警告称其收益正被与中东战争相关的不断攀升的成本侵蚀之后，该公司的股价跌至一年多来的最低水平。
Corp. shares fell to their lowest level in more than a year after the company warned that its earnings are being eroded by mounting costs linked to the war in the Middle East.
这家汽车制造商周五表示，这场冲突正在推高包括燃料、铝和铜在内的原材料费用，导致起亚第三季度营业利润减少了约6000亿韩元（合4.5亿美元）。这一数据为1.82万亿韩元，远低于分析师预期。
The conflict is driving up expenses for raw materials including fuel, aluminum and copper, shaving around 600 billion won ($450 million) off Kia’s third-quarter operating profit, the carmaker said Friday. The measure came in at 1.82 trillion won, well below analyst expectations.
首席财务官金承俊（Seung-Jun Kim）在财报电话会议上表示：“战争的余波已经超出了中东范围。物流费用也显著上升，我们预计这种状况将持续到第四季度。”截至周五收盘，起亚股价在首尔下跌了12%，创下自2025年6月以来的最低水平。该股票今年以来已下跌超过五分之一。
“The fallout from the war goes beyond the Middle East,” Chief Financial Officer Seung-Jun Kim said during an earnings call. “Logistics expenses have also escalated significantly, and we expect this situation to persist into the fourth quarter.”Kia’s shares fell 12% in Seoul as of Friday’s close, to their lowest level since June 2025. The stock is down more than a fifth this year.
逊于预期的业绩凸显了汽车制造商在应对高成本和日益激烈的竞争时所面临的挑战，这种竞争主要由比亚迪等加速海外扩张的中国品牌所驱动。起亚体量更大的关联公司现代汽车周四尽管公布了强劲的第三季度财报，但仍下调了今年的销售目标和投资预算。
The worse-than-expected results underscore the challenges automakers face as they deal with high costs and mounting competition, driven mainly by Chinese brands such as BYD Co. expanding abroad. Kia’s bigger affiliate Hyundai Motor Co. cut its sales target and investment budget for this year on Thursday even as it reported robust third-quarter earnings.
韩国投资证券公司的分析师金昌浩（Changho Kim）表示，起亚的业务计划是基于中东冲突不会持续到第三季度的预测。导致业绩不及预期的其他因素还包括韩元走强——起亚的大部分销售额都在海外产生——以及在汽车促销优惠上支出的增加。
Kia said its business plan was based on predictions that the Middle East conflict wouldn’t last into the third quarter. Other factors driving the miss include a strengthening won — much of Kia’s sales are generated abroad — and higher spending on vehicle incentives, said Korea Investment & Securities Co. analyst Changho Kim.
在混合动力和纯电动车型广泛产品阵容的推动下，该品牌除了在中国和东南亚之外的几乎所有市场都实现了强劲增长，而业绩不及预期掩盖了这一光芒。
The earnings miss overshadowed the brand’s strong growth in almost all markets excluding China and Southeast Asia, driven in part by its broad offering of hybrid and fully electric models.
其混合动力汽车在美销量翻了一番多，推动该公司在此期间的整体市场份额升至5.8%。在现代汽车一直苦苦挣扎的西欧，得益于电动汽车交付量的激增，起亚增长了18%。电动化车型的全球零售总销量飙升47%，占起亚总销量的三分之一以上。
Sales of its hybrids more than doubled in the US, raising the company’s overall market share there to 5.8% in the period. In Western Europe, where Hyundai has been struggling, Kia grew 18% on surging EV deliveries. Total global retail sales of electrified models soared 47%, making up more than a third of Kia’s volume.
不过，电动汽车的利润率仍然低于内燃机汽车，特别是由于该行业见证了由特斯拉公司和中国品牌推动的激烈价格竞争。
EVs remain less profitable than cars with a combustion engine, though, especially as the sector has seen fierce pricing competition driven by Tesla Inc. and brands from China.
*起亚表示，计划至少在明年之前在欧洲和其他地区维持其高额促销优惠政策，并补充说将加紧内部成本削减措施以抵消损失。该公司预计其电动汽车将在2027至2028年期间实现与汽油车型的价格平价。
Kia said it plans to maintain its high incentive policy in Europe and elsewhere at least until next year, adding that it will step up internal cost-cutting measures to offset the damage. It expects its EVs to reach price parity with gasoline models in the 2027-2028 period.
金承俊说：“当被问及以牺牲利润为代价来发展电动汽车是否是正确的举措时，我们看到了与混合动力汽车完全相同的轨迹。没有电动汽车，我们就无法在欧洲或中国生存，我们也无法因为短期的利润率侵蚀而放弃这些市场。”
“When asked if pursuing EVs at the expense of profit is the right move, we saw the exact same trajectory with hybrids,” Kim said. “We cannot survive in Europe or China without EVs, and we cannot walk away from the markets because of short-term margin erosion.”