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 ¥ RMB297 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]
^ ab"Kia to set up new JV plant in China". China Daily. 11 August 2003. Retrieved 23 October 2016.
^ abcdef"Kia's 3rd China plant to produce tailored cars". The Korea Herald. 29 June 2012. Retrieved 12 July 2012.
^ abc"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
Official website
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dongfeng, yueda, motor, automotive, manufacturing, company, headquartered, yancheng, china, joint, venture, between, dongfeng, motor, corporation, jiangsu, yueda, group, motor, 东风悦达起亚汽车东风悦达起亚汽车typejoint, ventureindustryautomotivefounded28, august, 2002, years,. 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 Dongfeng Yueda Kia Motor Co Ltd 东风悦达起亚汽车东风悦达起亚汽车Typejoint ventureIndustryAutomotiveFounded28 August 2002 17 years agoHeadquartersYancheng Jiangsu ChinaProductsAutomobilesParentDongfeng Motor Corporation 25 Kia 50 Jiangsu Yueda Group 25 1 Websitewww wbr dyk wbr com wbr cn Contents 1 History 2 Plants 3 Sales 4 Vehicles 5 Gallery 6 References 7 External linksHistory EditDongfeng 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 RMB 297 million 4 5 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 6 Plant Type Location Year opened Year closed NotesYancheng car plant Yancheng Jiangsu Province 江苏 China activeSales EditCalendar year Total sales2007 101 000 2 2008 142 000 2 2009 241 000 2 2010 333 000 2 2011 433 000 2 Vehicles EditKia Carnival 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 RGallery Edit 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 RReferences Edit 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 EditOfficial website This article about an automotive industry corporation or company is a stub You can help Wikipedia by expanding it vte This Chinese corporation or company article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Dongfeng Yueda Kia amp oldid 1130382833, wikipedia, wiki, book, books, library,
