Kia

 
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Parent Company
Company Brands

Awards

Awards
BEST VALUE 2020 - WHATCAR
Further Awards
BEST SMALL ELECTRIC 2020 - WHATCAR
Other Awards
BEST ELECTRIC 2019 - CARBUYER

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Business info

Phone
Click to reveal info0333 202 2990
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Manufacturer Info

Founded
December 11, 1944
Origin
Manufacturer
Kia
Price Range
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Revenue
£38.8 Billion (est)
Ranking (cars sold)
Cars registered
5501 (June)
Cars Sold YTD
Market Share YTD
Reliability
Electric

Kia Motors Corporation, commonly known as Kia Motors, is a South Korean multinational automotive manufacturer headquartered in Seoul. It is South Korea's second-largest automobile manufacturer following the Hyundai Motor Company. As of December 2015, the Kia Motor corporation is minority owned by Hyundai, which owns a 33.88% stake valued at just over £5.2 billion. Kia in turn is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% up to 45.37%, totaling more than £7.2 billion.

Kia Motors Corporation, commonly known as Kia Motors, is a South Korean multinational automotive manufacturer headquartered in Seoul. It is South Korea's second-largest automobile manufacturer following the Hyundai Motor Company. As of December 2015, the Kia Motor corporation is minority owned by Hyundai, which owns a 33.88% stake valued at just over £5.2 billion. Kia in turn is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% up to 45.37%, totaling more than £7.2 billion.

According to Kia Motors, the name "Kia" derives from the Sino-Korean characters "ki" ("to arise") and "a" which stands for (East) Asia); it is roughly translated as "Rising from the East.

Kia was founded in December 1944 as Kyungsung Precision Industry, a manufacturer of steel tubing and bicycle parts, eventually producing Korea's first domestic bicycle, the Samchully, in 1951. In 1952, Kyungsung Precision Industry changed its name to Kia Industries and later built Honda-licensed small motorcycles (starting in 1957), Mazda-licensed trucks (1962) and cars (1974). The company opened its first integrated automotive assembly plant in 1973.

During the Asian financial crisis, Kia declared bankruptcy in 1997; and in 1998 reached an agreement with Hyundai Motor Company to diversify by exchanging ownership between both companies. Hyundai Motor Company acquired 51% of the company, outbidding Ford Motor Company which had owned an interest in Kia Motors since 1986. After subsequent divestments, Hyundai Motor Company owns about one third of Kia Motor Corporation. While Hyundai Motor Company remains Kia's largest stakeholder, Kia Motor Company also retains ownership in some 22 different Hyundai Motor Company subsidiaries. Since 2005, Kia has focused on the European market and has identified design as its "core future growth engine".

Did you know:

1. Over the years, Kia has participated in many programs to help educate children and help the community. Including the B.R.A.K.E.S. program, which is a program that helps teach teenage drivers defensive driving.

2. Kia’s Hwasung manufacturing plant produces 114 cars an hour, that’s 2 a minute!

3. Kia created an X-Men themed Sorento to promote the release of X-Men: Day of Future Past.

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