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.
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Formerly | Dongfeng Yueda Kia Motors Co., Ltd. (until 2022)[1] |
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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 |
History
editDongfeng 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
editThe 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
editCalendar year | Total sales |
---|---|
2007 | 101,000[3] |
2008 | 142,000[3] |
2009 | 241,000[3] |
2010 | 333,000[3] |
2011 | 433,000[3] |
Vehicles
edit- Kia Carnival
- Kia K3
- Kia K5
- Kia Stonic
- Kia Seltos
- Kia Sonet
- Kia Pegas/Soluto
- Kia Sportage Ace
- Kia Sportage
- Kia EV6 (imported)
- Kia EV5
Former vehicles
editHiPhi vehicles
editGallery
edit-
Kia Pegas
-
Kia K3
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Kia K5
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Kia Stonic
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Kia Seltos
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Kia Sportage Ace
-
Kia Sportage
-
Kia Sonet
-
Kia EV5
-
Kia Carnival
Former
edit-
Kia Forte Furuidi
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Kia K2
-
Kia K4
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Kia KX Cross
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Kia KX3
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Kia KX3 Aopao
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Kia KX5
-
Kia KX7
References
edit- ^ 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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