Hyundai Creates Joint Venture in China

Planning to increase its market share on the Chinese market, South Korean manufacturer Hyundai announced last week the signing of an agreement with Sichuan Nanjun Automobile Group (China's 11th largest commercial manufacturer) that will lead to the creation of a joint venture between the two automakers.

The joint venture has been agreed upon ever since October last year, when the tow agreed to create Sichuan Hyundai, a company that it will be based in Ziyang City. In the first months of oper...

Source: http://www.autoevolution.com/news/hyundai-creates-joint-venture-in-china-34871.html

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