Yueda Kia

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Jiangsu Yueda Kia Motor Co., Ltd.
悦达起亚
FormerlyDongfeng Yueda Kia Motors Co., Ltd. (until 2022) [1]
Company type Joint venture
Industry Automotive
Founded28 August 2002;21 years ago (28 August 2002)
Headquarters,
Products Automobiles
Parent Kia (50%)
Jiangsu Yueda Group (25%)
Jiangsu Yueda Investment (25%) [2]
Website www.kia.cn

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.

Contents

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 TypeLocationYear openedYear closedNotes
Yancheng car plantYancheng, Jiangsu Province (江苏), Chinaactive

Sales

Calendar yearTotal sales
2007101,000 [3]
2008142,000 [3]
2009241,000 [3]
2010333,000 [3]
2011433,000 [3]

Vehicles

Former vehicles

HiPhi vehicles

Former

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References

  1. Bobylev, Denis (8 April 2022). "Dongfeng Motor Withdrew From The Kia Yueda Joint Venture". CarNewsChina.com. Retrieved 5 February 2024.
  2. 1 2 "Kia to set up new JV plant in China". China Daily. 11 August 2003. Retrieved 23 October 2016.
  3. 1 2 3 4 5 6 "Kia's 3rd China plant to produce tailored cars". The Korea Herald. 29 June 2012. Retrieved 12 July 2012.
  4. 1 2 3 "Kia to set up new JV plant in China". The Chosunilbo. 3 November 2011. Retrieved 23 October 2016.
  5. 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.
  6. Herh, Michael (10 December 2021). "Kia Corp. to Part Ways with Chinese Joint Venture Partner". Business Korea. Retrieved 10 March 2022.
  7. "EV maker Hozon Auto to kick off construction of Yichun plant". autonews.gasgoo.com. 31 July 2019. Retrieved 7 February 2020.