[ad_1]
A charge plug for the battery of the electric car eNiro Kia is presented at the 89th International Motor Show of Geneva, in Geneva, Switzerland, on March 6, 2019. REUTERS / Denis Balibouse
SEOUL (Reuters) – Kia Motors could halt operations at its No. 1 plant in China as part of its long-term efforts to improve competitiveness, said a familiar source on Sunday.
Kia Motors said in a statement that the source had announced on Sunday to Reuters that the company was considering various plans to strengthen the competitiveness of production and sales in China.
Kia Motors, a subsidiary of Hyundai Motor, manufactures cars in China in partnership with Dongfeng Motor Group and Jiangsu Yueda Investment Co Ltd. They run three factories in Jiangsu Province, China.
Hyundai Motor also said the automaker was planning to suspend production at its oldest factory in China at the time of falling sales and that it was fighting against overcapacity on its larger market.
Report By Hyunjoo Jin; Written by Jane Chung; Edited by Elaine Hardcastle; Edited by Raissa Kasolowsky
[ad_2]
Source link