Kia 2007 Annual Report Download - page 26

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026_
Kia Motors Annual Report 2007
Installing a new growth
engine in China
Kia officially opened its second manufacturing facility
in China in December 2007. The opening of the
US$800 million state-of-the-art, fully integrated
passenger car production facility indicates that
expansion plans to boost overseas production
capacity to over one million cars by 2009 are on track
and represents a pivotal step in the automaker’s goal
to ensure long-term success in China.
The new plant began producing the upgraded Cerato
in October 2007, with the 5-door hatchback version
added in December. Kia is also planning to introduce
new models for production at the new plant in 2009
and is currently assessing Chinese market trends
and conditions before finalizing the next model.
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