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{{Short description|Chinese automotive manufacturing company}}
{{Short description|Chinese automotive manufacturing company}}
{{Use dmy dates|date=September 2016}}
{{Use dmy dates|date=September 2024}}
{{Infobox company
{{Infobox company
| name = Jiangsu Yueda Kia Motor Co., Ltd.<br/>悦达起亚
| name = Jiangsu Yueda Kia Motors Co., Ltd.<br/>江苏悦达起亚汽车有限公司
| logo = KIA logo3.svg
| logo = KIA logo3.svg
| logo_size = 170px
| logo_size = 170px
| type = [[Joint venture]]
| type = [[Joint venture]]
| traded_as =
| traded_as =
| former_name = Dongfeng Yueda Kia Motors Co., Ltd. (until 2022)<ref>{{Cite web |last=Bobylev |first=Denis |date=2022-04-08 |title=Dongfeng Motor Withdrew From The Kia Yueda Joint Venture |url=https://carnewschina.com/2022/04/08/dongfeng-motor-withdrew-from-the-kia-yueda-joint-venture/ |access-date=2024-02-05 |website=CarNewsChina.com |language=en-US}}</ref>
| former_name = Dongfeng Yueda Kia Motors Co., Ltd. (until 2022)<ref>{{Cite web |last=Bobylev |first=Denis |date=8 April 2022 |title=Dongfeng Motor Withdrew From The Kia Yueda Joint Venture |url=https://carnewschina.com/2022/04/08/dongfeng-motor-withdrew-from-the-kia-yueda-joint-venture/ |access-date=5 February 2024 |website=CarNewsChina.com}}</ref>
| fate =
| fate =
| predecessor =
| predecessor =
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| defunct =
| defunct =
| location_city = [[Yancheng, Jiangsu]]
| location_city = [[Yancheng, Jiangsu]]
| location_country = [[China]]
| location_country = China
| location =
| location =
| locations =
| locations =
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| intl =
| intl =
}}
}}
'''Jiangsu Yueda Kia Motor Co., Ltd.''' is an automotive manufacturing company headquartered in [[Yancheng]], China and a [[joint venture]] between Jiangsu Yueda Group and [[Kia]]. The company was formerly known as '''Dongfeng Yueda Kia Motors Co., Ltd.''' until [[Dongfeng Motor Group|Dongfeng]] withdrew from the joint venture in late 2021.
'''Jiangsu Yueda Kia Motors Co., Ltd.''' is an automotive manufacturing company headquartered in [[Yancheng]], China and a [[joint venture]] between Jiangsu Yueda Group and [[Kia]]. The company was formerly known as Dongfeng Yueda Kia Motors Co., Ltd. until [[Dongfeng Motor Group|Dongfeng]] withdrew from the joint venture in late 2021.


==History==
==History==
Line 44: Line 44:
In November 2011, Dongfeng Yueda Kia announced that it would construct its third automobile manufacturing plant in Yancheng.<ref name="chos31111">{{Cite news|publisher=The Chosunilbo|title=Kia to set up new JV plant in China|access-date=23 October 2016|url= http://english.chosun.com/site/data/html_dir/2011/11/03/2011110301126.html|date=3 November 2011}}</ref> Construction of the plant took place between 2012 and 2014.<ref name="chos31111" /> The plant has an annual production capacity of 300,000 cars.<ref name="chos31111" />
In November 2011, Dongfeng Yueda Kia announced that it would construct its third automobile manufacturing plant in Yancheng.<ref name="chos31111">{{Cite news|publisher=The Chosunilbo|title=Kia to set up new JV plant in China|access-date=23 October 2016|url= http://english.chosun.com/site/data/html_dir/2011/11/03/2011110301126.html|date=3 November 2011}}</ref> Construction of the plant took place between 2012 and 2014.<ref name="chos31111" /> The plant has an annual production capacity of 300,000 cars.<ref name="chos31111" />


In December 2021, Dongfeng sold its 25% stake in the joint venture to Jiangsu Yueda for {{CNY}}297 million.<ref>{{cite web |url=https://www.caixinglobal.com/2021-12-24/state-run-conglomerate-buys-dongfeng-motors-entire-25-stake-in-kia-jv-101821884.html |title=State-Run Conglomerate Buys Dongfeng Motor's Entire 25% Stake in Kia Joint Venture |last1=Yu |first1=Cong |last2=Ding |first2=Yi |website=Caixin Global |date=2021-12-24 |access-date=2022-03-10}}</ref><ref>{{cite web |url=http://www.businesskorea.co.kr/news/articleView.html?idxno=83517 |title=Kia Corp. to Part Ways with Chinese Joint Venture Partner |last=Herh |first=Michael |website=Business Korea |date=2021-12-10 |access-date=2022-03-10}}</ref>
In December 2021, Dongfeng sold its 25% stake in the joint venture to Jiangsu Yueda for {{CNY}}297 million.<ref>{{cite web |url=https://www.caixinglobal.com/2021-12-24/state-run-conglomerate-buys-dongfeng-motors-entire-25-stake-in-kia-jv-101821884.html |title=State-Run Conglomerate Buys Dongfeng Motor's Entire 25% Stake in Kia Joint Venture |last1=Yu |first1=Cong |last2=Ding |first2=Yi |website=Caixin Global |date=24 December 2021 |access-date=10 March 2022}}</ref><ref>{{cite web |url=http://www.businesskorea.co.kr/news/articleView.html?idxno=83517 |title=Kia Corp. to Part Ways with Chinese Joint Venture Partner |last=Herh |first=Michael |website=Business Korea |date=10 December 2021 |access-date=10 March 2022}}</ref>

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.<ref>{{Cite web|title=悦达投资发布公告放弃增资东风悦达起亚|url=https://auto.sina.com.cn/news/2022-03-03/detail-imcwiwss3795301.shtml|access-date=28 March 2022|work=auto.sina.com.cn|archive-date=3 March 2022|archive-url=https://web.archive.org/web/20220303040656/https://auto.sina.com.cn/news/2022-03-03/detail-imcwiwss3795301.shtml|url-status=live}}</ref>

On 22 March 2022, Dongfeng Yueda Kia was renamed Kia Motors Co., Ltd.<ref>{{Cite web|title=Dongfeng Yueda Kia changes its name to Kia Motors: The company name change is not important, the key is the company strategy|url=http://auto.caijing.com.cn/2022/0324/4849218.shtml|access-date=28 March 2022|website=auto.caijing.com.cn|archive-date=14 April 2022|archive-url=https://web.archive.org/web/20220414233200/http://auto.caijing.com.cn/2022/0324/4849218.shtml|url-status=live|language=zh}}</ref> In May of the same year, it was renamed Jiangsu Yueda Kia Motors Co., Ltd.


==Plants==
==Plants==
The Dongfeng-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 1]] electric crossover starting from 2021.<ref>{{Cite web|url=http://autonews.gasgoo.com/new_energy/70016079.html|title=EV maker Hozon Auto to kick off construction of Yichun plant|date=2019-07-31|website=autonews.gasgoo.com|access-date=2020-02-07}}</ref>
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 1]] electric crossover starting from 2021.<ref>{{Cite web|url=http://autonews.gasgoo.com/new_energy/70016079.html|title=EV maker Hozon Auto to kick off construction of Yichun plant|date=31 July 2019|website=autonews.gasgoo.com|access-date=7 February 2020}}</ref>


{| class="wikitable"
{| class="wikitable"
Line 86: Line 90:
|}
|}


==Vehicles==
== Vehicles ==
{{div col|colwidth=10em}}
*[[Kia Carnival]]
*[[Kia Carnival]]
*[[Kia Forte#Third_generation (BD; 2018)|Kia K3]]
⚫
*[[Kia Furuidi]]
*[[Kia Rio#UB|Kia K2]]
*[[Kia K5#Fifth_generation (DL3; 2019)|Kia K5]]
*[[Kia Forte#YD|Kia K3/K3 Plug-in Hybrid]]
*[[Kia Stonic]]
*[[Kia K4]]
*[[Kia Seltos]]
*[[Kia Optima#JF|Kia K5/K5 Hybrid]]
*[[Kia Sonet]]
*[[Kia KX Cross]]
*[[Kia Pegas|Kia Pegas/Soluto]]
*[[Kia Stonic|Kia KX1/Stonic]]
*[[Kia Sportage (China)|Kia Sportage Ace]]
*[[Kia Sportage]]
⚫
*[[Kia EV6]] (imported)
⚫
*[[Kia EV5]]
{{div col end}}

=== Former vehicles ===
{{div col|colwidth=10em}}
*[[Kia Forte#Furuidi|Kia Furuidi]]
⚫
*[[Kia Rio#UC|Kia K2]]
*[[Kia K4 (China)|Kia K4]]
*[[Kia Rio#Crossover versions|Kia KX Cross]]
*[[Kia KX3]]
*[[Kia KX3]]
⚫
*[[Kia Seltos|Kia KX3 Aopao]]
*[[Kia Sportage#QL|Kia KX5]]
*[[Kia Sportage#QL|Kia KX5]]
*[[Kia KX7]]
*[[Kia KX7]]
*[[Kia Pegas|Kia Pegas/Soluto]]
⚫
*[[Kia Sportage (Chinese Market)|Kia Sportage]]
*[[Kia Sportage#SL|Kia Sportage R]]
*[[Kia Sportage#SL|Kia Sportage R]]
{{div col end}}
⚫
*[[Kia EV6]]<ref>imported</ref>

⚫
*[[Kia EV5]]
=== HiPhi vehicles ===
{{div col|colwidth=15em}}
*[[HiPhi X]]
*[[HiPhi X]]
*[[HiPhi Y]]
*[[HiPhi Z]]
*[[HiPhi Z]]
{{div col end}}


== Gallery ==
== Gallery ==
<gallery>
<gallery>
File:Kia Pegas 01 China 2018-03-20.jpg|Kia Pegas
File:Kia Pegas 01 China 2018-03-20.jpg|Kia Pegas
File:Kia K3 III facelift on display, yellow, front quarter.jpg|Kia K3
⚫
File:2021 Kia K5 GT-Line, front left, 09-09-2023.jpg|Kia K5
⚫
File:Kia KX1 001 China 2019-03-20.jpg|Kia Stonic
⚫
File:Kia Seltos 001.jpg|Kia Seltos
⚫
File:Kia Sportage Ace 001.jpg|Kia Sportage Ace
⚫
File:Kia Sportage Gravity NQ5 Snow White Pearl (1) (cropped).jpg|Kia Sportage
File:2024 Kia Sonet (China) front view.png|Kia Sonet
File:2024 Kia EV5 Earth Exclusive AWD (Thailand) front view.png|Kia EV5
File:2022 Kia Carnival LX in Silky Silver, front left.jpg|Kia Carnival
</gallery>

=== Former ===
<gallery>
File:Kia Furuidi 001.jpg|Kia Forte Furuidi
File:Kia Furuidi 001.jpg|Kia Forte Furuidi
File:Kia K2 UC 01 China 2017-03-30.jpg|Kia K2
File:Kia K2 UC 01 China 2017-03-30.jpg|Kia K2
⚫
File:Kia K3 006.jpg|Kia K3
File:Kia K4 China 2016-04-04.jpg|Kia K4
File:Kia K4 China 2016-04-04.jpg|Kia K4
⚫
File:Kia K5 JF China 2016-04-04.jpg|Kia K5
File:2018 Dongfeng-Yueda-Kia KX Cross, front 8.7.18.jpg|Kia KX Cross
File:2018 Dongfeng-Yueda-Kia KX Cross, front 8.7.18.jpg|Kia KX Cross
⚫
File:Kia KX1 001 China 2019-03-20.jpg|Kia KX1
File:Kia KX3 KC facelift China 2017-03-31.jpg|Kia KX3
File:Kia KX3 KC facelift China 2017-03-31.jpg|Kia KX3
File:Kia KX3 II 004.jpg|Kia KX3 Aopao
File:Kia KX3 II 004.jpg|Kia KX3 Aopao
File:Kia KX5 facelift 01 China 2019-04-02.jpg|Kia KX5
File:Kia KX5 facelift 01 China 2019-04-02.jpg|Kia KX5
File:Kia KX7 01 China 2017-03-19.jpg|Kia KX7
File:Kia KX7 01 China 2017-03-19.jpg|Kia KX7
File:KIA SPORTAGE (NP) China (5).jpg|Kia Sportage
⚫
File:Kia Sportage R facelift China 2015-04-13.jpg|Kia Sportage R
</gallery>
</gallery>


==References==
==References==
{{Reflist|1}}
{{Reflist}}


==External links==
==External links==
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[[Category:Kia Motors]]
[[Category:Kia Motors]]
[[Category:Dongfeng Motor joint ventures]]
[[Category:Dongfeng Motor joint ventures]]


{{motorvehicle-company-stub}}
{{China-company-stub}}

Latest revision as of 13:05, 13 September 2024

Jiangsu Yueda Kia Motors Co., Ltd.
江苏悦达起亚汽车有限公司
FormerlyDongfeng Yueda Kia Motors Co., Ltd. (until 2022)[1]
Company typeJoint venture
IndustryAutomotive
Founded28 August 2002; 22 years ago (28 August 2002)
Headquarters
Yancheng, Jiangsu
,
China
ProductsAutomobiles
ParentKia (50%)
Jiangsu Yueda Group (25%)
Jiangsu Yueda Investment (25%)[2]
Websitewww.kia.cn

Jiangsu Yueda Kia Motors Co., Ltd. is an automotive manufacturing company headquartered in Yancheng, China and a joint venture between Jiangsu Yueda Group and Kia. The company was formerly known as Dongfeng Yueda Kia Motors Co., Ltd. until Dongfeng withdrew from the joint venture in late 2021.

History

[edit]

Dongfeng Yueda Kia was founded in 2002.[3] 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.[2]

In November 2011, Dongfeng Yueda Kia announced that it would construct its third automobile manufacturing plant in Yancheng.[4] Construction of the plant took place between 2012 and 2014.[4] The plant has an annual production capacity of 300,000 cars.[4]

In December 2021, Dongfeng sold its 25% stake in the joint venture to Jiangsu Yueda for CN¥297 million.[5][6]

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.[7]

On 22 March 2022, Dongfeng Yueda Kia was renamed Kia Motors Co., Ltd.[8] In May of the same year, it was renamed Jiangsu Yueda Kia Motors Co., Ltd.

Plants

[edit]

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 1 electric crossover starting from 2021.[9]

Plant Type Location Year opened Year closed Notes
Yancheng car plant Yancheng, Jiangsu Province (江苏), China active

Sales

[edit]
Calendar year Total sales
2007 101,000[3]
2008 142,000[3]
2009 241,000[3]
2010 333,000[3]
2011 433,000[3]

Vehicles

[edit]

Former vehicles

[edit]

HiPhi vehicles

[edit]
[edit]
  • Kia Pegas
    Kia Pegas
  • Kia K3
    Kia K3
  • Kia K5
    Kia K5
  • Kia Stonic
    Kia Stonic
  • Kia Seltos
    Kia Seltos
  • Kia Sportage Ace
    Kia Sportage Ace
  • Kia Sportage
    Kia Sportage
  • Kia Sonet
    Kia Sonet
  • Kia EV5
    Kia EV5
  • Kia Carnival
    Kia Carnival

Former

[edit]
  • Kia Forte Furuidi
    Kia Forte Furuidi
  • Kia K2
    Kia K2
  • Kia K4
    Kia K4
  • Kia KX Cross
    Kia KX Cross
  • Kia KX3
    Kia KX3
  • Kia KX3 Aopao
    Kia KX3 Aopao
  • Kia KX5
    Kia KX5
  • Kia KX7
    Kia KX7

References

[edit]
  1. ^ Bobylev, Denis (8 April 2022). "Dongfeng Motor Withdrew From The Kia Yueda Joint Venture". CarNewsChina.com. Retrieved 5 February 2024.
  2. ^ a b "Kia to set up new JV plant in China". China Daily. 11 August 2003. Retrieved 23 October 2016.
  3. ^ a b c d e f "Kia's 3rd China plant to produce tailored cars". The Korea Herald. 29 June 2012. Retrieved 12 July 2012.
  4. ^ a b c "Kia to set up new JV plant in China". The Chosunilbo. 3 November 2011. Retrieved 23 October 2016.
  5. ^ Yu, Cong; Ding, Yi (24 December 2021). "State-Run Conglomerate Buys Dongfeng Motor's Entire 25% Stake in Kia Joint Venture". Caixin Global. Retrieved 10 March 2022.
  6. ^ Herh, Michael (10 December 2021). "Kia Corp. to Part Ways with Chinese Joint Venture Partner". Business Korea. Retrieved 10 March 2022.
  7. ^ "悦达投资发布公告放弃增资东风悦达起亚". auto.sina.com.cn. Archived from the original on 3 March 2022. Retrieved 28 March 2022.
  8. ^ "Dongfeng Yueda Kia changes its name to Kia Motors: The company name change is not important, the key is the company strategy". auto.caijing.com.cn (in Chinese). Archived from the original on 14 April 2022. Retrieved 28 March 2022.
  9. ^ "EV maker Hozon Auto to kick off construction of Yichun plant". autonews.gasgoo.com. 31 July 2019. Retrieved 7 February 2020.
[edit]
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