Hyundai Motor Plans 40% Expansion in China Production by 2015
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Hyundai Motor Co., South Korea’s biggest automaker, plans to increase production in China by 40 percent in three years and add higher-end models as it seeks to gain market share in the world’s largest market.
Beijing Hyundai Motor Co., its passenger-car venture with Beijing Automotive Group Co., will boost production to 1.4 million units by 2015 and double the ratio of mid- to high-end products to more than 50 percent during the period, the company said in an e-mailed statement today.