Kia has inaugurated its second Chinese factory built in collaboration with its Chinese partner, Dongfeng Yueda Kia Motor. The new factory will add a capacity of 300,000 vehicles to the 130,000 units already built by the Yangcheng’s factory.
Although being inaugurated yesterday, the production has already started since October. Kia produces the Cerato in two variants, a saloon and a hatchback destined for the local market. With the new factory, Kia plans to increase its market share from 1.6% to 8% in the future. Unfortunately, Kia sales have been gloomy since the beginning of the year. While the car maker delivered 115,000 cars in 2006, only 90,000 vehicles have been delivered until now for the current year.
Source: Korea Herald
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