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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 ...