Who owns KIA Automobiles?
Kia Corporation, commonly known as Kia, is a South Korean multinational automobile manufacturer headquartered in Seoul, South Korea. It is South Korea’s second-largest automobile manufacturer. According to the company, the name “Kia” derives from the Sino-Korean characters,(ki, ‘to arise’) Who owns KIA Automobiles? Kia is owned by the Hyundai Motor Company and is the second…
Kia Corporation, commonly known as Kia, is a South Korean multinational automobile manufacturer headquartered in Seoul, South Korea. It is South Korea’s second-largest automobile manufacturer. According to the company, the name “Kia” derives from the Sino-Korean characters,(ki, ‘to arise’)
Who owns KIA Automobiles?
Kia is owned by the Hyundai Motor Company and is the second largest automaker in South Korea. The largest member of the chaebol, Hyundai Motor Company, has a controlling stake in Kia, and they are the largest and second largest car manufacturers in the country respectively. Following several years of rapid growth, the Group sold 8.01 million vehicles in 2015, falling short of its sales target.
On May 22, 2022, the Hyundai Motor Group announced the company would invest an additional $5 billion in the United States by the year 2025. The investment would strengthen collaboration with US firms in areas such as; urban air mobility, autonomous driving, artificial intelligence, and robotics. The investments were announced during a visit to South Korea by President Biden.
