korean known acronym south korean car manufacturer headquartered single assembly site located additional facilities seoul administration research development established technical assistance company started selling cars south_korea hit asian financial crisis september subsidiary adopted present maintained minority ownership markets range cars including electric models history beginnings era early 1990s chairman recognised automotive industry culmination allow leverage resources technologies entire group including initially tried control competition legal restrictions drop idea eventually purchased lee decided create new known truck manufacturer ltd support established incorporated based shortly started operations asian financial crisis hit non core sale interested companies crisis deepened bought considered possible buyer corporate politics strife impossible negotiations started december september french bought stake million kept finally filed bankruptcy end coupled interest cars lee project building global automotive company started technical assistance company time early stages dire financial straits affiliation reasons buying major share company major early planners stated technical initially considered sold cars chile introduction current later developments era present product market expansion acquisition renamed year company sales began improve journalists attribute success car manufactured taxi fleets led increased confidence model rest customer base following years company introduced new vehicle range including crossover time changed products based architecture based group basically export oriented manufacturer despite exported brand manufactured vehicles time sold markets europe russia ukraine mexico egypt middle_east china australia united_states canada rogue increased stake acquiring additional share company creditors june agreed renew right use trade mark products decline sales electric vehicles recovery attempts present pressure dominant south korean market increased 2010s pushing sales half fell august personnel reduction employees presented management finally reduced personnel employees aim reviving company invested million export order improve production output presented revised versions company started market new compact crossover based late cumulative sales south korean market reached million units introduced new mid size model minor changes south korean market introduced electric version car known imported turkey october car started assembled plant year leading electric vehicle sales south_korea market share announced intention market company announced project develop produce electric light commercial vehicle kilometre range single charge partnership local companies chile country outside south_korea sold cars replaced entirely chile vehicles known global names facilities manufacturing car manufacturing plant located regional industrial site began production covers capacity manufacture cars year produce models simultaneously single production line plant divided seven production shops body painting assembly casting engine research development located near seoul largest research development facilities established expanded adopting current involved car engineering end created facility locally design cars manufactured company early design branch renamed asia charge supervising asian design operations administration head offices located seoul additional administrative offices branding corporate logo logo corporate communications adaptation logo second storm eye logo badge advertising slogan advertising slogan introduced according company refers distinct quality products vehicle nomenclature company includes vehicles designations numbers related sizes numbers meaning compact small vehicle mid size vehicle large vehicle designations include letters stands sport utility vehicles replace combination quest solar energy project march completed installation solar panels parking lots surrounding land facility create solar plant largest world project carried joint venture formed manages plant provides energy operations nearby houses shareholders majority owned share share company model lineup march model lineup consists following vehicles compact door car based mid size door car marketed based iii large door car based large door car sold china mini crossover based car assembled south_korea crossover based trail marketed gallery
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