Yueda Kia Achieves Remarkable 49.2% Year-on-Year Growth in 2024 Sales
Yueda Kia, the successful joint venture between Kia Corporation and China’s Yueda Automobile Group, has recently reported impressive sales figures for December 2024. The company sold a total of 24,058 vehicles in the month, reflecting a substantial year-on-year increase of 28.1%. The full-year sales for 2024 reached an outstanding 248,259 units, marking a remarkable 49.2% year-on-year growth.
The company’s commitment to technological advancement is evident in its investment of an additional 188 million yuan in 2024 to upgrade the equipment at its Chinese smart factory. Furthermore, the Hyundai Motor Advanced Technology R&D Center in China is set to launch a UX Studio in Shanghai, dedicated to developing products that cater to the mobility needs of Chinese consumers.
Yueda Kia’s strategic focus on new energy vehicles in China saw the introduction of a dual product strategy encompassing both oil-fueled vehicles and battery electric vehicles. The company released models such as the EV5 720 Long-range Edition, the 2025 EV5, and the EV5 GT-Line, alongside upgrades to oil-fueled vehicles including the K3 Special Edition, the Sonet, and the 2025 Kia K5.
In terms of complete vehicle exports, Yueda Kia has established a strong lineup featuring the EV5, the Sportage, the Seltos, the K5, the Sonet, and the Pegas. The company has set an ambitious target to export 180,000 vehicles in 2025. With export sales of complete vehicles exceeding 364,000 units, generating over $3.6 billion in revenue, Yueda Kia has made a significant global impact. Additionally, the company has exported over 300,000 engines to countries such as South Korea, Russia, Slovakia, the Czech Republic, India, and Vietnam.
Collaborating with major dealer groups like Sime Darby Berhad, Kam Lung Motor Group, and Shanghai Yueda Zhixing Automobile Service Co., Ltd., Yueda Kia has established 57 dedicated dealerships in key cities, with more in construction or operation. The launch of the official Kia App provides users with a seamless one-stop platform for car browsing, purchasing, usage, maintenance, and social interaction throughout the entire vehicle lifecycle.
In conclusion, Yueda Kia’s strong performance in 2024 and its strategic investments in technology and new energy vehicles position the company for continued success and growth in the competitive automotive market.
