Kia Motors released its financial report, and Jiangsu Yueda Kia is still insolvent

According to the latest financial report released by South Korea's Kia Motors, Kia Motors achieved operating income of 49.93 trillion won, a year-on-year increase of 7.7%, operating profit of 7.07 trillion won, a year-on-year increase of 12.6%, and net profit of 5.77 trillion won, a year-on-year increase of 16.8%. However, as a joint venture in China, Jiangsu Yueda Kia Motors Co., Ltd. is still insolvent, with total assets of 2.52 trillion won and total liabilities of 3.45 trillion won as of June 30, 2024.