Kia Motor Corp. is set to announce the launch of a new compact electric vehicle model in early 2018.
The automaker is expected to announce a new vehicle in early January, which will offer a battery warranty with a new six-speed manual transmission.
The automaker says it will also offer a dual-mode electric vehicle with a three-speed automatic transmission.
It is expected the new Kia K5 will come with a 2,000-mile warranty and offer an MSRP of $38,995.
The new Kias will be equipped with a 7.0-liter four-cylinder gasoline engine that is powered by the electric motor, which is the same powertrain as the current Kia Optima.
Kia says the new engine will deliver a maximum range of 160 miles on a single charge.
The Kia brand will also receive a multi-objective optimization program.
The program will offer an incentive to purchase a Kia SUV with a low price tag.
The Kia model in the program will be priced from $33,995 to $40,995, according to the automaker.
In 2017, Kias and Optima launched a new hybrid model, the Kia Concept, which has a more powerful 2.0 liter four-door that offers more than 200 miles of range.
The new vehicle has been compared to an electric sedan and offers a top speed of 170 mph.
Kia Motors has been trying to launch a new K-series sedan in the U.S. for years, but the automarket struggled to find the right market segment.
Now the automakers is expected with the Kias as a low-cost alternative to the Optima and a potential competitor to the Volkswagen Group’s Eos.
The company also recently announced a new crossover, the Optimas.
The company is also expected to release a new SUV with an MS, but it is not expected to be a K-class vehicle.