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

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.

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

References

  1. 1 2 "Kia to set up new JV plant in China". China Daily. 11 August 2003. Retrieved 23 October 2016.
  2. 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.
  3. 1 2 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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