
Kia Motors Corp., South Korea\'s second-largest automaker, said Tuesday it will look to expand its presence in China\'s premium car market in a bid to increase its share of the world\'s largest car market. Jung Chang-ho, head of Kia Motors\' China operation, said the carmaker plans to put more focus on meeting demand from China\'s growing middle class, seeking to differentiate itself from Chinese rivals with its premium brand image and advanced technologies. \"By introducing different kinds of innovative products, Kia will enhance brand loyalty among Chinese consumers,\" Jung said. \"Kia has already moved toward providing consumers with high-end cars.\" Kia Motors, an affiliate of industry leader Hyundai Motor Co., sold roughly 333,000 units last year in China, up 38 percent from some 241,000 units in 2009. Kia saw its sales steadily grow in China by successfully attracting the country\'s young consumers. It reported record monthly sales of 43,508 vehicles in China last month. In 2009, China\'s auto market overtook the United States as the world\'s largest. China saw its auto sales surge more than 32 percent on-year to hit 18.06 million vehicles last year.
GMT 09:47 2018 Tuesday ,23 January
SAP unveils big push into French tech start-upsGMT 05:07 2018 Tuesday ,23 January
Noble Group shares surge 37 percent on buyout talksGMT 19:07 2018 Monday ,22 January
BAKS spent Dh225m on charity projects in 2017GMT 22:52 2018 Sunday ,21 January
French firm "recalls baby milk product"GMT 22:27 2018 Sunday ,21 January
US company plans funds that double bitcoin price movesGMT 21:23 2018 Sunday ,21 January
Pence starts Mideast tour in Egypt amid Arab angerGMT 08:54 2018 Saturday ,20 January
Million-euro bill for firm behind Paris bike-share chaosGMT 10:47 2018 Friday ,19 January
German chemical giant BASF sees 'significant' profit leap

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor