Business and Finance Analysis

China is like the pretty girl for the world’s car manufacturers. Understandably, it is the country’s largest car market today. This time it was Kia Motors Corporation assembly plant to make sure all three with a capacity of 300,000 units per year in Yang cheng, Jiangsu Province, China.

For that Kia with two local companies, namely Dongfeng Motor Group and Jiangsu Yueda Investment Company. In an official statement quoted by Auto-news Kia and China, (3 / 11), Kia will begin building a new plant next year and was able to produce mid-2014. With the new plant, Kia’s production capacity in China to 730,000 units.

Kia’s face, according to predictions of China Association of Automobile Manufacturers Industry (China Association of Automobile Manufacturers), sales in the country increased by 10 percent next year, up 3-5 percent compared to this year. Until October 2011, Kia already sell 341,682 units of cars in China and is targeting sales of 430,000 units by year’s end.

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