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China Daily | Updated: 2012-07-02 07:53
Kia grows in Yancheng
The third plant of three-way joint venture Dongfeng Yueda Kia Automobile Co had its inauguration ceremony last Friday in Jiangsu province's Yancheng city where Yueda is headquartered.
With a planned investment of $814 million, the new facility is scheduled to start production in 2014 and reach an annual capacity of 300,000 units in 2015.
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