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20 Jun
14:52

Hyundai to reduce Chinese presence amid fierce competition

Hyundai Motor Group said on Tuesday it is turning crises and risks into growth opportunities amid intensifying competition in China, Kallanish reports. The carmaker is seeking a turnaround for its Chinese business by improving its brand image and profitability through optimising production capabilities and efficiently managing regional line-ups. “The line-up in China will be shortened from the current 13 models to eight models and will focus on SUVs and G…
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