Kia forms a joint venture with two Chinese partners to build a vehicle-manufacturing plant near its two existing facilities in Yangcheng, Jiangsu province. With annual capacity of 300,000 vehicles, the new plant will increase Kia’s total production capacity in China to 730,000 units. Kia owns 50% of the JV, called Dongfeng Yueda Kia Automobile. Its Chinese partners are Dongfeng Motor and Jiangsu Yueda Auto Works. “We are not disclosing cost information, but construction will begin at ...

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