Published: December 12th, 2024,
Last updated: May 28th, 2025

The Korean car manufacturer Hyundai and its Chinese partner BAIC Motor are countering a slump in sales in China with an investment worth billions. As BAIC announced on Wednesday, 1.1 billion US dollars are to flow into the joint venture Beijing Hyundai, which produces Hyundai brand vehicles in China. The sum is intended to help tailor future products better to the needs of Chinese consumers and boost exports to international markets.