What's news
China Daily | Updated: 2014-03-27 08:33
Hyundai plans fourth plantto ensure market share
Hyundai Motor Co plans to build its fourth plant in China for about 1 trillion won ($926.48 million) and start production by early 2016, in its first major overseas expansion in more than two years, a source said. Hyundai and its affiliate Kia Motors Corp are betting that the facility in Chongqing will protect their share of the world's biggest car market, which accounted for more than a fifth of their global vehicle sales last year.
Tencent to buy 28% of South Korea's CJ Games
Photo
