Kia's New Joint Venture Plant In China To Start Production

SHANGHAI- July 20, 2007: Kia's second production base in the eastern province of Jiangsu will start assembling in October, said Dongfeng Yueda Kia general manager at a news conference in Yancheng City, Jiangsu Province. The project is a joint venture (JV) between Kia and its Chinese partners, Dongfeng Motor Corp. and Jiangsu Yueda Investment.

Earlier this year, the engine production had already begun and had been fitted into its much-in-demand model Cerato.

The new factory is a major investment for the South Korean carmaker, with a total investment of 6.8 billion yuan, covering an area of 360,000 square meters, The new plant is expected to increase Kia's annual production capacity in China from 130,000 to 430,000 units.

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