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Hyundai Sells China Plant for Half Price

By Kwanwoo Jun and Jiahui Huang


Hyundai Motor sold a factory in Chongqing for less than half the amount sought initially, as it pushed to streamline operations in China.

The South Korean. ....

China , Chongqing , South-korea , Beijing , Yufu , Zhejiang , South-korean , Kwanwoo-jun , Jiahui-huang , Hyundai , Yufu-industrial-complex-construction , Hyundai-motor

Hyundai ditches China plant to focus on India, Indonesia

Hyundai Motor Group said Wednesday it has sold its Chongqing plant in China to the region’s industrial park developer Yufu Industrial Complex Construction Co. for approximately 1.62 billion yuan ($290 million), as part of a global operational restructuring aimed at shifting focus from volatile markets to expanding in growing Asian countries like India and Indonesia. The sale comes in the wake of the company. ....

Beijing , China , India , Russia , Talegaon , Maharashtra , Chongqing , Ukraine , Liangjiang , Hunan , Yufu , Zhejiang

SEOUL (Reuters) Beijing Hyundai Motor sold its Chongqing plant late last year for 1.62 billion yuan ($225 million) as part of efforts to optimize C ....

China , South-korea , Yufu , Zhejiang , Chongqing , Beijing , South-korean , Hyundai , Reuters , Automotive-group , Hyundai-motor