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Kia officially announced its intention to form a new joint venture with Yueda

On February 7, the first day of the company's new year, Kia Co., Ltd. signed an expansion investment agreement with yancheng people's government and Jiangsu Yueda Group. As planned, the name of the new company will be officially announced in April.

Kia officially announced its intention to form a new joint venture with Yueda

It is reported that the new company plans to increase its capital by 900 million US dollars, and the win-win changes include: carrying out innovative marketing activities, continuous "door-to-door test drive" and "door-to-door service" throughout the year, the new SI (terminal image system) will be applied to all 4S stores and city showrooms, building a new organizational structure, establishing an innovative organizational culture and accelerating localization, formulating reasonable operational indicators, optimizing business policies, and rewarding excellent dealers.

In terms of products that everyone is particularly concerned about, Kia is obviously full of sincerity and preparedness, and it will focus on promoting the introduction of global strategic models and new energy vehicles. For example, new models launched this year will be equipped with a large number of safety and new technology configurations, and from next year until 2027, new electric models will be launched in the Chinese market every year, starting with the EV6 for a total of six pure electric models.

Kia officially announced its intention to form a new joint venture with Yueda

2022 coincides with the 30th anniversary of the establishment of diplomatic relations between China and South Korea and the 20th anniversary of the Entry of the Kia brand into China, and the ups and downs are the epitome of development. The new joint venture era ushered in after the "breakup" with Dongfeng is also imperative, after all, in the fiercely competitive "second half" of the car market, only change can have a way out. As for whether the new brand can revitalize the original sassy style and create brilliant results in the future, I believe that Chinese consumers will also give answers through their products and services.

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