The Traderszone Network

Published in TZ Latest News 22 June, 2015 by The TZ Newswire Staff

Hyundai Motor to release more SUVs in China to regain momentum

South Korea’s Hyundai Motor Co on Tuesday said it began construction on its fifth plant in Chongqing, China, to regain lost momentum in the largest auto market with a new compact car and higher production of sport utility vehicles. Hyundai, which together with affiliate Kia Motors Corp ranks fifth in global sales, has been struggling with slow sales in China partly due to an absence of a new SUV models to compete with its rivals’ latest releases.

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