Hyundai to launch Genesis luxury brand in China
Posted : 2021-04-02 21:00
Updated : 2021-04-04 13:18 Hyundai Motor Group introduces its luxury G80 sedan and GV80 SUV during the Genesis Brand Night event held at the Shanghai International Cruise Terminal, Friday. Courtesy of Hyundai Motor Group
By Baek Byung-yeul
Hyundai Motor Group has decided to launch its Genesis luxury brand in the Chinese market, introducing the G80 sedan and GV80 SUV there, aiming to vie with prominent brands including Mercedes-Benz, BMW, Audi and Lexus in the world s largest car market.
On Friday, Genesis held a China launching event called Genesis Brand Night at the Shanghai International Cruise Terminal. Featuring executives of the automotive group and local Chinese media, Genesis also displayed the G80 and the GV80 models.
Operator
Greetings, and welcome to the China Automotive Systems fourth-quarter 2020 conference call. [Operator instructions] I would now like to turn the conference over to your host, Mr. Kevin Theiss, investor relations. Please go ahead, sir.
Kevin Theiss
Investor Relations
Thank you, everyone for joining us today. Welcome to China Automotive Systems 2020 fourth quarter and annual conference call. Joining us today are Mr. Qizhou Wu, chief executive officer; and Mr.
Jie Li, chief financial officer of China Automotive Systems. They will be available to answer questions later in the conference call with the assistance of translation. Before we begin, I ll remind all listeners that throughout this call, we may make statements that may contain forward-looking statements. Forward-looking statements represent the company s estimates and assumptions only as of the date of this call.
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SOURCE / ECONOMY
By Global Times Published: Apr 02, 2021 12:08 AM
Photo taken on Oct. 26, 2020 shows the Tesla China-made Model 3 vehicles at its gigafactory in Shanghai, east China. Photo: Xinhua Business representatives from both China and the US expect closer ties to jointly develop the auto industry that is directed at smart electric vehicles (EVs). They are calling for an open and fair business environment despite the ongoing tensions between the world s two largest economies.
Xu Haidong, assistant secretary general of the China Association of Automobile Manufacturers, said that Chinese and American auto companies have been successfully cooperating, and the two sides have leveraged their respective advantages to establish a win-win situation.
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