Kia Motors Corp. announces its intentions to build a second plant in China’s Jiangsu province. The $645 million project, announced at a signing ceremony with Chinese officials in Nanjing, is slated to break ground in July. Kia expects the plant, which will be located next door to Kia’s first plant in Jiangsu, to have an annual capacity of 300,000 vehicles, beginning in 2006. The operation will be capable of producing Kia’s entire lineup, says the South Korean auto maker in a release, ...
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