A battery charging plug for the eNiro Kia electric car is depicted at the 89th Geneva International Motor Show in Geneva, Switzerland March 6, 201
SEOUL (Reuters) – Kia Motors can stop the operation on its No.1 factory in China as part of its long-term efforts to enhance competitiveness, said one source familiar with the issue on Sunday.
Kia Motors said in a statement after the source told Reuters on Sunday that the company is considering various plans to strengthen production and sales competitiveness in China.
Kia Motors, an affiliate of Hyundai Motor, manufactures cars in China in conjunction with Dongfeng Motor Group and Jiangsu Yueda Investment Co Ltd. They operate three factories in Jiangsu Province, China.
Hyundai Motor also said the automaker considered suspending production at its oldest factory in China as a sales pitch and struggling with overcapacity in its largest market.
Reporting by Hyunjoo Jin; Writing by Jane Chung; Editing by Elaine Hardcastle; Editing by Raissa Kasolowsky