Dongfeng Yueda Kia

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
Typejoint venture
IndustryAutomotive
Founded28 August 2002; 17 years ago
Headquarters
Yancheng, Jiangsu
,
China
ProductsAutomobiles
ParentDongfeng Motor Corporation (25%)
Kia (50%)
Jiangsu Yueda Group (25%)[1]
Websitewww.dyk.com.cn

History

Dongfeng 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 CN¥297 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]

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[2]
2008 142,000[2]
2009 241,000[2]
2010 333,000[2]
2011 433,000[2]

Vehicles
  • Kia Pegas
    Kia Pegas
  • Kia Forte Furuidi
    Kia Forte Furuidi
  • Kia K2
    Kia K2
  • Kia K3
    Kia K3
  • Kia K4
    Kia K4
  • Kia K5
    Kia K5
  • Kia KX Cross
    Kia KX Cross
  • Kia KX1
    Kia KX1
  • Kia KX3
    Kia KX3
  • Kia KX3 Aopao
    Kia KX3 Aopao
  • Kia KX5
    Kia KX5
  • Kia KX7
    Kia KX7
  • Kia Sportage
    Kia Sportage
  • Kia Sportage R
    Kia Sportage R

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


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