Dongfeng Yueda Kia

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Dongfeng Yueda Kia Motor Co., Ltd.
Private joint venture
Industry Automotive
Founded 28 August 2002
Headquarters Yancheng, Jiangsu, China
Products Automobiles
Parent Dongfeng Motor Corporation (25%)
Kia Motors (50%)
Yueda (25%)[1]
Website www.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, Kia Motors and Yueda. It produces the Kia Optima, Kia Carnival, and Kia Cerato for sale in China.

History[edit]

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]

Plants[edit]

Plant Type Location Year opened Year closed Notes
Yancheng car plant Yancheng,Jiangsu Province (江苏), China active

Sales[edit]

Calendar year Total sales
2007 101,000[2]
2008 142,000[2]
2009 241,000[2]
2010 333,000[2]
2011 433,000[2]

References[edit]

  1. ^ a b "Kia to set up new JV plant in China". China Daily. 11 August 2003. Retrieved 23 October 2016. 
  2. ^ 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. 
  3. ^ a b c "Kia to set up new JV plant in China". The Chosunilbo. 3 November 2011. Retrieved 23 October 2016. 

External links[edit]