Jiangsu Yueda Kia Motors
 | |
| Company type | joint venture |
|---|---|
| Industry | Automotive |
| Founded | 28 August 2002; 17 years ago |
| Headquarters | , |
| Products | Automobiles |
| Parent | Dongfeng Motor Corporation (25%) Kia (50%) Jiangsu Yueda Group (25%)[1] |
| Website | www |
Dongfeng Yueda Kia Motor Co., Ltd. is an automotive manufacturing company headquartered in Yancheng, China and a joint venture between Dongfeng Motor Corporation, Jiangsu Yueda Group and Kia.
History
Dongfeng Yueda Kia was founded in 2002.[2]
In August 2003, it was announced that Dongfeng Yueda Kia would invest around US$600 million in the construction of a new assembly plant in Jiangsu Province with a capacity to produce 400,000 vehicles per year.[1]
In November 2011 Dongfeng Yueda Kia announced that it would construct its third automobile manufacturing plant in Yancheng.[3] Construction of the plant took place between 2012 and 2014.[3] The plant has an annual production capacity of 300,000 cars.[3]
In December 2021, Dongfeng sold its 25% stake in the joint venture to Jiangsu Yueda for CN¥297 million.[4][5]
Plants
The Dongfeng-Yueda-Kia's plant in Yancheng, Jiangsu Province manufactures Kia vehicles for the Chinese market. The plant will also accommodate the initial mass production of the HiPhi 1 electric crossover starting from 2021.[6]
| Plant Type | Location | Year opened | Year closed | Notes |
|---|---|---|---|---|
| Yancheng car plant | Yancheng, Jiangsu Province (江苏), China | active |
Sales
| Calendar year | Total sales |
|---|---|
| 2007 | 101,000[2] |
| 2008 | 142,000[2] |
| 2009 | 241,000[2] |
| 2010 | 333,000[2] |
| 2011 | 433,000[2] |
Vehicles
- Kia Furuidi
- Kia K2
- Kia K3/K3 Plug-in Hybrid
- Kia K4
- Kia K5/K5 Hybrid
- Kia KX Cross
- Kia KX1
- Kia KX3
- Kia KX3 Aopao
- Kia KX5
- Kia KX7
- Kia Pegas
- Kia Sportage
- Kia Sportage R
Gallery
-
Kia Pegas -
Kia Forte Furuidi -
Kia K2 -
Kia K3 -
Kia K4 -
Kia K5 -
Kia KX Cross -
Kia KX1 -
Kia KX3 -
Kia KX3 Aopao -
Kia KX5 -
Kia KX7 -
Kia Sportage -
Kia Sportage R
References
- ^ a b "Kia to set up new JV plant in China". China Daily. 11 August 2003. Retrieved 23 October 2016.
- ^ a b c d e f "Kia's 3rd China plant to produce tailored cars". The Korea Herald. 29 June 2012. Retrieved 12 July 2012.
- ^ a b c "Kia to set up new JV plant in China". The Chosunilbo. 3 November 2011. Retrieved 23 October 2016.
- ^ Yu, Cong; Ding, Yi (24 December 2021). "State-Run Conglomerate Buys Dongfeng Motor's Entire 25% Stake in Kia Joint Venture". Caixin Global. Retrieved 10 March 2022.
- ^ Herh, Michael (10 December 2021). "Kia Corp. to Part Ways with Chinese Joint Venture Partner". Business Korea. Retrieved 10 March 2022.
- ^ "EV maker Hozon Auto to kick off construction of Yichun plant". autonews.gasgoo.com. 31 July 2019. Retrieved 7 February 2020.
External links
| Dongfeng Motor Group (66.86%) |
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