SEOUL – South Korea’s Kia Motors Corp. has restructured its Jiansu Hyundai Kia Yueda Motor Ltd. joint venture in China and will triple production capacity to 300,000 units annually, while its parent company, Hyundai Motor Co. Ltd. announces plans for a new car-making company in Beijing. China’s Dongfeng Motor Corp. has joined the Kia partnership, purchasing a 20% stake from Jiansu Yueda. The move enables Kia to produce and market more than one car model in China. Hyundai EF ...
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