BAIC Group, Hyundai Motor to co-invest $1.095 billion in Beijing Hyundai
Beijing (Gasgoo)- On December 11, BAIC Capital, the investment arm of Chinese automaker BAIC Group, and Hyundai Motor jointly announced an additional investment of $1.095 billion (approximately 8 billion yuan) into their joint venture, Beijing Hyundai, aiming to enhance competitiveness in China and drive strategic transformation.