Hyundai, BAIC and China
Hyundai to Help Tip $1.1 Billion Into China Unit as Sales Crater
Hyundai Motor Co. and BAIC Motor Corp. plan to inject $1.1 billion into their China joint venture in a bid to speed up the unit’s transition toward electric vehicles and boost exports amid falling sales in the world’s largest automobile market.
Hyundai and BAIC bolster China JV with $1.1bn investment
Hyundai and its Chinese partner BAIC have decided to invest $1.1bn in their China-based joint venture (JV), Reuters reported citing a statement issued by BAIC. The move comes despite Hyundai’s recent challenges in the region, including a decline in sales and increased competition from local manufacturers, the report said.
Beijing (Gasgoo)- BAIC Motor recently put its EU5 electric vehicle model onto the Colombian market, marking a significant step in the brand's global expansion, according to the automaker's WeChat post ...
The BAIC B30e Dune gives you a lot of space inside, and that makes it comfortable for everyone in the car. The seats provide ...
Hyundai Motor and BAIC Motor will invest $1.1 billion in their joint venture, Beijing Hyundai, to reinforce their presence in ...
Xiaomi is continuing to dive deeper into China’s competitive EV market with the reveal of a new model, the YU7 SUV, coming in ...
Chinese device and now EV-maker Xiaomi revealed its latest offering in the ultra-competitive Chinese auto market, doubling ...
BAIC Motor (HK:1958) has released an update.Don't Miss our Black Friday Offers:Unlock your investing potential with TipRanks Premium - Now At ...
Hyundai Motor and BAIC Motor plan to inject US$1.1 billion into their China joint venture in a bid to speed up the unit’s ...
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