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    Is Kia Going To Discontinue China-Made Soluto, Stonic? | CarGuide

    With China scrapping its cap on foreign ownership of automotive joint ventures, Kia is revamping its operations there in order to become more competitive. The joint venture, a 50-25-25 partnership between Kia, Yueda, and state-owned Chinese automaker Dongfeng Motor Group, will be revamped into a 50-50 partnership between Kia and Yueda.
    The Korean brand will start to phase out production of vehicles priced below 100,000 yuan (USD 15,723) to elevate its brand positioning, according to information disclosed by Yueda [Kia’s joint-venture partner in China].

    The move is intended to address a long-standing problem confronting Kia in China: with low-priced models such as the Pegas [Soluto in the Philippines] and Forte sedans and the KX1 crossover [Stonic in the Philippines], Kia is increasingly seen as a value brand. That has forced it to compete on price with Chinese peers.

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    Quote Originally Posted by ice15 View Post
    Ganun sila kahina sa ASEAN hehehe.

Kia Philippines to relaunch