 | |
| Formerly | Dongfeng Yueda Kia Motors Co., Ltd. (until 2022) [1] |
|---|---|
| Company type | Joint venture |
| Industry | Automotive |
| Founded | 28 August 2002 |
| Headquarters | , |
| Products | Automobiles |
| Parent |
Kia (50%) Jiangsu Yueda Group (25%) Jiangsu Yueda Investment (25%) [2] |
| Website |
www |
Jiangsu Yueda Kia Motor Co., Ltd. is an automotive manufacturing company headquartered in Yancheng, China and a joint venture between Jiangsu Yueda Group and Kia. The company was formerly known as Dongfeng Yueda Kia Motors Co., Ltd. until Dongfeng withdrew from the joint venture in late 2021.
History
Dongfeng Yueda Kia was founded in 2002. [3] 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. [2]
In November 2011, Dongfeng Yueda Kia announced that it would construct its third automobile manufacturing plant in Yancheng. [4] Construction of the plant took place between 2012 and 2014. [4] The plant has an annual production capacity of 300,000 cars. [4]
In December 2021, Dongfeng sold its 25% stake in the joint venture to Jiangsu Yueda for CN¥297 million. [5] [6]
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. [7]
| 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 [3] |
| 2008 | 142,000 [3] |
| 2009 | 241,000 [3] |
| 2010 | 333,000 [3] |
| 2011 | 433,000 [3] |
Model lineup
Present vehicles
- Kia Carnival
- Kia K3/K3 Plug-in Hybrid
- Kia K5/K5 Hybrid
- Kia Stonic
- Kia Seltos
- Kia Pegas/Soluto
- Kia Sportage
- Kia EV6 imported
- Kia EV5
Former vehicles
HiPhi vehicles
Gallery
-
Kia Pegas (Former product) -
Kia Forte Furuidi (Former product) -
Kia K2 (Former product) -
Kia K3 -
Kia K4 (Former product) -
Kia K5 -
Kia KX Cross (Former product) -
Kia KX1 -
Kia KX3 (Former product) -
Kia KX3 Aopao (Former product) -
Kia KX5 (Former product) -
Kia KX7 (Former product) -
Kia Sportage -
Kia Sportage R (Former product)
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References
- ^ Bobylev, Denis (8 April 2022). "Dongfeng Motor Withdrew From The Kia Yueda Joint Venture". CarNewsChina.com. Retrieved 5 February 2024.
- ^ 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
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Dongfeng Motor Group (66.86%) |
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