En conseqüència a el coreà econòmic diari, Hyundai Motor announced on Gener 16th that the company has vend its factory in Chongqing for 1.62 billion yuan (aproximadament 227 million USD). Hyundai plans to continue reestructuració its business in China by selling another factory in the country to survive in the world's largest automotive market.
Beijing Hyundai Motor estat que at el final de l'últim any , el empresa venut el Chongqing fàbrica per 1.62 mil milions xinès iuan a Chongqing Yufu Parc Industrial Construcció Inversió Co., Ltd. Segons els informes, el major accionista de el comprador, Chongqing Liangjiang New Area Development Investment Group, plans to renovate the factory for its subsidiary to produce electric vehicles.
Hyundai Motor listed the factory, who has an an production capacity of 300,000} vehicles, for sale in 2023, planning to sell the land use rights, equipment, and other facilities for 3.68 billion yuan. According to industry insiders in Korea, Hyundai Motor is currently planning to sell another factory location in in Cangzhou.
"We are working hard to improve business efficiency in China to achieve a better business structure," said a representative of Hyundai Motor. "By selling the Chongqing factory, we are actively promoting rationalization of production management to enhance profitability."
Ja que entrant el mercat xinès in 2002, Hyundai Motor has establert cinc fàbriques en Xina, tres in Beijing, one in Cangzhou, and one in Chongqing. Tanmateix, due to declining vendes, Hyundai Motor venut un un factory in 2021. In 2022, the company's market share in China dropped to less than 1%.
Hyundai motor aconseguit a alt vendes volum de 1.14 milions vehicles a Xina a 2016, però com mercat competència intensificat , el empresa ha afrontat reptes en el mercat xinès. D'altra banda, local conductors have been vacil·lant degut to Hyundai's focus on selling electric versions of existing internal combustion engine vehicles, rather than models based on a dedicat elèctric vehicle plataforma.
Last year, industry insiders reported that Hyundai has agreed to produce electric vehicles for Beijing Automotive Group's new energy vehicle brand, Jihoo, at a factory in Beijing, aiming to revitalize its business in China.
Addicionalment, due to intense competition with Chinese automakers, the South Korean automaker canceled its plan to introduce the IONIQ model to China. The IONIQ is a dedicated elèctric vehicle fabricat on Hyundai Motor Group's eco-friendly vehicle plataforma.
