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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (272)	8/11/2003 12:41:12 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

Kia plans huge rise in China car output Reuters / August 11, 2003 SHANGHAI (Reuters) -- Kia Motors is planning a new factory in China with annual capacity of 400,000 units, ramping up production to tap the booming local car market, the company said on Monday. "400,000 units a year by 2005 is the plan," Wang Liping, planning department manager at Dongfeng Yueda Kia Automotive Co Ltd, told Reuters. "Chinese car makers are increasing in scale and we're following that trend." The joint venture will invest $600 million in a new plant at an undecided location to meet this target, the official China Daily quoted company president Chung Dal-Ok as saying. autonews.com