Kia will increase its production capacity in China
- The Korean brand Kia (in which Hyundai holds 34.6% stake) has currently three workshops in China.
- The three Chinese workshops are all located in Yancheng (Jiangsu province, East coast).
They operate, since the start of the first one in 2003, under a 50%-50% Joint Venture with the Chinese carmaker Dongfeng.
Each of these three facilities started with a production capacity of 150,000 vehicles per year, which was subsequently increased to 300 000 units per year. The first facility started in 2003 and doubled its capacity in 2008. The second one started in 2010 and doubled its capacity in 2012. The third one started in 2014 and will double its capacity in 2017 (announcement made this month by the carmaker).
They operate, since the start of the first one in 2003, under a 50%-50% Joint Venture with the Chinese carmaker Dongfeng.
Each of these three facilities started with a production capacity of 150,000 vehicles per year, which was subsequently increased to 300 000 units per year. The first facility started in 2003 and doubled its capacity in 2008. The second one started in 2010 and doubled its capacity in 2012. The third one started in 2014 and will double its capacity in 2017 (announcement made this month by the carmaker).
- Kia will therefore have next year in China an available production capacity of around 900,000 vehicles per year.
- These capacity increases are in accordance with the constant rise of Kia's sales in the Chinese market. Sales increased from 50 000 units in 2005 to 600,000 in 2016 (forecast Inovev for 2016).
- With the launch of new models, Kia expects to sell 800,000 vehicles in China in 2017.
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