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 ...

December 10, 2023

Why manufacturers are turning to hybrids vehicles

By John Smith Sales of all-electric vehicles are growing slower than expected, and major automakers are increasingly turning to hybrid vehicles to meet customer demand while avoiding costly penalties associated with federal fuel economy and emissions standards. This shift in strategy runs counter to industry- wide messaging on electric vehicles in recent years. Many car ...