Jiangsu Yueda Kia Motors

Until Dongfeng withdrew from the joint venture in late 2021.

• Name — Jiangsu Yueda Kia Motors Co., Ltd. 江苏悦达起亚汽车有限公司 • Type — Joint venture • Former Name — Dongfeng Yueda Kia Motors Co., Ltd. (until 2022) • Founded — 28 August 2002 • Hq Location City — Yancheng, Jiangsu • Hq Location Country — China • Industry — Automotive • Products — Automobiles • Parent — Kia (50%) Jiangsu Yueda Group (25%) Jiangsu Yueda Investment (25%) • Website — https: www.kia.cn/

Dongfeng Yueda Kia was founded in 2002. 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. In November 2011, Dongfeng Yueda Kia announced that it would construct its third automobile manufacturing plant in Yancheng. Construction of the plant took place between 2012 and 2014. The plant has an annual production capacity of 300,000 cars. In December 2021, Dongfeng sold its 25% stake in the joint venture to Jiangsu Yueda for 297 million. In February 2022, South Korea's Kia Motors Corporation signed an agreement to expand investment with the People's Government of Yancheng City and Jiangsu Yueda Group, and the two parties will establish a new joint venture. On the evening of 1 March, Yueda Automobile issued an announcement that Dongfeng Yueda Kia Automobile Co., Ltd. plans to increase capital by US$600 million. Yueda Investment issued an announcement to give up increasing investment in Dongfeng Yueda Kia. Prior to this capital increase, the equity structure of Dongfeng Yueda Kia was Kia Corporation, Yueda Automobile Group, and Yueda Investment, each holding 50%, 25%, and 25%, After the capital increase, the shareholding ratio of the new company is 50% for Kia Motors, 45.8% for Yueda Automobile Group and 4.2% for Yueda Investment respectively. Yueda Automobile Group and Yueda Investment are persons acting in concert. On 22 March 2022, Dongfeng Yueda Kia was renamed Kia Motors Co., Ltd. In May of the same year, it was renamed Jiangsu Yueda Kia Motors Co., Ltd.

The Jiangsu-Yueda-Kia's plant in Yancheng, Jiangsu Province manufactures Kia vehicles for the Chinese market. The plant will also accommodate the initial mass production of the HiPhi X electric crossover starting from 2021. • Plant Type — Location — Year opened — Year closed — Notes • Yancheng car plant — Yancheng, Jiangsu Province (江苏), China — active

• Calendar year — Total sales • 2007 — 101,000 • 2008 — 142,000 • 2009 — 241,000 • 2010 — 333,000 • 2011 — 433,000

• Kia Carnival • Kia K3 • Kia K5 • Kia Stonic • Kia Seltos • Kia Sonet • Kia Pegas/Soluto • Kia Sportage Ace • Kia Sportage • Kia EV6 (imported) • Kia EV5

• Kia Cerato • Kia Furuidi • Kia K2 • Kia K4 • Kia KX Cross • Kia KX3 • Kia KX5 • Kia KX7 • Kia Optima • Kia Rio • Kia Qianlima • Kia Sportage R • Kia Soul

• HiPhi X • HiPhi Y • HiPhi Z

• Illustration — Kia Pegas • Illustration — Kia K3 • Illustration — Kia K5 • Illustration — Kia Stonic • Illustration — Kia Seltos • Illustration — Kia Sportage Ace • Illustration — Kia Sportage • Illustration — Kia Sonet • Illustration — Kia EV5 • Illustration — Kia EV6 • Illustration — Kia Carnival

• Illustration — Kia Cerato • Illustration — Kia Forte R • Illustration — Kia Forte Furuidi • Illustration — Kia K2 • Illustration — Kia K2 hatchback • Illustration — Kia K4 • Illustration — Kia K4 Cachat • Illustration — Kia KX Cross • Illustration — Kia KX3 • Illustration — Kia KX3 Aopao • Illustration — Kia KX5 • Illustration — Kia KX7 • Illustration — Kia Optima • Illustration — Kia Rio • Illustration — Kia Qianlima • Illustration — Kia Soul