Kia Motors has announced that it plans to build a third manufacturing plant in China, in order to meet dramatically increasing local demand and to maintain its positive sales momentum in the Chinese market.
Upon completion of the plant, which will be able to produce 300,000 units annually, Kia will have increased its production capacity in China from the current 430,000 units at its existing two plants to a total of 730,000 units per year.
The plant will be located just 5km from Kia’s second plant in Yancheng’s Economic and Technology Development Zone. The close proximity to the existing facility will enable Kia to utilise the established infrastructure.
Kia plans to begin the construction of the plant at the end of next year, and anticipates completion of the facility and the roll out of production models in the second half of 2014.