Articles for tag: Auto market, BAIC, Beijing Hyundai Motor, Business restructuring, Cangzhou factory, China, Chongqing factory, Declining sales, Eco-vehicle platform, Efficiency, Electric vehicle production, Electric vehicles, Hyundai Motor, Industrial Park, investment, IONIQ model, Jihu brand, Korean automaker, Korean industry, Market competition, Market share, Production management, Revitalize business, Vehicle Sales

January 18, 2024

Hyundai Motor sells Chongqing factory for $227 million, continues business restructuring in China

By Laura King According to the Korea Economic Times, Hyundai Motor said that it had sold its factory in Chongqing for 1.62 billion yuan (approximately US$227 million). Hyundai will plan to sell another Chinese factory and continue to restructure its business to survive in China, the world’s largest auto market. Beijing Hyundai Motor said it ...

January 18, 2024

Rapid growth in air suspension market as electric vehicles drive demand

The rapid development of smart electric vehicles and the intensification of the involvement of car companies are driving the rapid increase in the penetration rate of air suspension. By Laura King According to the latest statistics from the Gasgoo Automotive Research Institute, in the first 10 months of 2023, domestic sales of new cars with ...