FILE PHOTO: A Beijing Hyundai sign is seen at an entrance to the Beijing Hyundai Motor plant in Chongqing, China October 8, 2018. REUTERS/Yilei Sun/File Photo
The production, if it materializes, would be the first instance of Hyundai's foray into manufacturing an outside brand on contract, the Korea Economic Daily reported citing automotive industry and local Chinese sources. Beijing Hyundai Motor will likely oversee the design, production and quality control and use its plant in Beijing, the report said.
Hyundai, which had five plants in China at its peak, sold one in 2021. It plans eventually to run just two, optimising production for export to emerging markets.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Senate Majority Leader Schumer notes 'serious engagement' with China's Xi during Beijing visitMr Schumer said he had made clear to President Xi that the US wanted stability and fairness in bilateral trade. Read more at straitstimes.com.
Source: straits_times - 🏆 5. / 69 Read more »
Schumer notes 'serious engagement' with China's Xi during Beijing visitBEIJING: United States Senate Majority Leader Chuck Schumer said on Tuesday (Oct 10) that there had been "serious engagement" during a meeting between a visiting bipartisan US congressional delegati
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Near collision, tense encounter as Beijing flexes muscles in the South China SeaSOUTH CHINA SEA - The crew of the Philippine coastguard boat watch anxiously as an imposing Chinese vessel draws near and cuts off its path, coming within a metre of collision in a vast stretch of open water in the South China Sea. The captain of the BRP Sindangan shuts off the engine and activates the reverse throttle. China's coastguard...
Source: asiaonecom - 🏆 10. / 59 Read more »
Beijing takes small steps to improve data regulatory environment with new draft lawGiven the mixed signals from the government, many tech firms have already gone elsewhere, say industry insiders. Read more at straitstimes.com.
Source: straits_times - 🏆 5. / 69 Read more »
China to hold third Belt and Road forum next weekBEIJING: China will hold its third Belt and Road forum in its capital next week, Beijing said Wednesday (Oct 11), confirming the details of an event that several foreign leaders are expected to attend -- including Vladimir Putin. Representatives from over 130 countries are set to take part in the event cel
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Xi tells top senator US-China relations impact 'destiny of mankind'BEIJING: Chinese President Xi Jinping said on Monday (Oct 9) that China-US ties would impact the "destiny of mankind", as he met with a group of American senators in Beijing. Senate Majority Leader Chuck Schumer is the latest high-level US official to go to China as Washington seeks to ease tensions w
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »