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19 Jul
14:10

Hyundai Motor to start new China factory

Korea’s Hyundai Motor aims to start production at its fifth Chinese factory in August, it said Wednesday. The new plant in Chongqing will take Hyundai’s capacity in China to 1.75 million units/year, Kallanish notes. Korean carmakers have had a difficult year after their cars fell out of fashion with Chinese buyers unhappy about South Korea’s acceptance of a US missile defence system. The change of government in Korea may help change that, howev…
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