Is Kia a Joint Venture or Domestic Brand?
2 Answers
Kia is a Sino-Korean joint venture brand, domestically known as Dongfeng Yueda Kia, produced by Dongfeng Yueda Kia Automobile Co., Ltd. Dongfeng Yueda Kia Automobile Co., Ltd. is jointly established by Dongfeng Motor Corporation Limited, Jiangsu Yueda Investment Co., Ltd., and Kia Motors Corporation of South Korea. Additional relevant information is as follows: 1. Introduction: Since its official establishment on August 28, 2002, Dongfeng Yueda Kia has become a top-tier domestic automotive brand, with its vehicle lineup covering various models from sedans to SUVs and MPVs, boasting an annual production capacity exceeding one million units. In 2020, Dongfeng Yueda Kia is set to launch two new energy vehicle models, further enriching its product line. 2. Technology: Following the COVID-19 outbreak, Dongfeng Yueda Kia has undergone comprehensive technological innovation to better safeguard the health of car owners. The entire lineup will be equipped with an Evaporator drying and sterilization system. Additionally, plans are in place to incorporate an ultra-fine particulate activated carbon adsorption-type "composite ultra-high-efficiency purification filter" in the all-new K3EV, the all-new K5, and subsequent models to be launched this year.
While researching car brands, I noticed that Kia was originally a Korean brand, but after entering China, it produces and sells vehicles through joint ventures with local companies. Specifically, it established joint ventures like Dongfeng Yueda Kia in partnership with Dongfeng Motor, Jiangsu Yueda Investment, and Kia. Therefore, most Kia cars sold in China are considered joint-venture vehicles. Pure domestic brands like Geely or BYD are entirely designed and manufactured locally, whereas Kia retains some Korean technological elements but manufactures domestically, offering consumers more affordable options. Additionally, this joint-venture model allows Kia to better adapt to Chinese user needs during localization, such as launching China-specific editions or electric vehicle series, which I believe benefits market diversity.