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.
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]
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 |
Calendar year | Total sales |
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2007 | 101,000 [3] |
2008 | 142,000 [3] |
2009 | 241,000 [3] |
2010 | 333,000 [3] |
2011 | 433,000 [3] |
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