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Kia opens second plant in China
Shanghai. December 10 (Gasgoo.com) – Kia Motors Corp, South Korea's No.2 automaker, officially opened its second factory in China which, the automaker said, will boost its sluggish sales in the fast-growing Chinese auto market, according to a Reuters report.
Located in Yancheng, Jiangsu province, the $919 million plant is built in two years, and it is capable of rolling out 300,000 units per annum at full capacity. Kim Ik-hwan, vice Chairman of Kia said that the new plant will start to make use of an automatic production line and 169 robots in the manufacture ring process.
The second plant will start production of Cerato hatchback and new Cerato in the first phase. Kia also said in its statement that it aimed to produce 200,000 vehicles at its two factories in China by 2008 and 440,000 vehicles by 2010.
For the first 11 months of 2007, Kia has sold 89,712 cars in Chinese market, down 13.8 percent from a year ago.
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