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Kia was founded on June 9, 1944, as Kyungsung Precision Industry, a manufacturer of steel tubing and bicycle parts, eventually producing Korea's first domestic bicycle, the Samchuly, in 1951. [1]
The group was formed through the purchase of 51% of Kia by Hyundai Motor Company in 1998. As of 2011, Hyundai owns 33.7% [5] of Kia Motors.. On 22 May 2022, the Hyundai Motor Group announced the company would invest an additional $5 billion in the United States by the year 2025.
In 2000, the company changed its name to Hyundai Mobis. The company forms the "parts and service" arm for the South Korean automakers Hyundai Motor Company, Genesis Motors and Kia Motors. [citation needed] In 2013, the company had revenue of US$ 33 billion. 43B dollars(2023) [2] As of 2014, it was "the world's No. 6 automotive supplier" in ...
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Motor vehicle Kia Sorento Overview Manufacturer Kia Production 2003–present Model years 2003–2009 2011–present Body and chassis Class Compact SUV (2002–2009) Mid-size crossover SUV (2009–present) Body style 5-door SUV Layout Front-engine, rear-wheel-drive (2002–2009) Front-engine, front-wheel-drive (2009–present) Front-engine, all-wheel-drive (2002–present) Chassis Body-on ...
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