11/02/2011
Kia to Build Third Plant in China to Satisfy Increased Local Demand
Posted on 1:23 PM by ^^!
Kia Motors announced today that it has signed a Memorandum of Understanding (MoU) with Dongfeng Yueda Kia for the construction of its third Chinese plant at Yancheng in the Jiangsu Province.
The new factory, which will have an annual capacity of 300,000 units and is expected to be operational in the second half of 2014, will boost Kia’s annual local production to 730,000 units in order to satisfy the dramatically increasing demand for its vehicles.
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