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11 Oct
08:12

Hyundai to sell Chongqing factory, collaborate with BAIC

Beijing Hyundai, the automotive joint venture of Hyundai Motor and Beijing Automotive (BAIC), recently put up its Chongqing factory for sale for the second time. This came just as Hyundai disclosed its intention to collaborate with Chinese automaker BAIC on launching electric vehicles in the Chinese market, Kallanish learns.  According to China Beijing Equity Exchange, the base price Beijing Hyundai set this time for the sale is CNY 2.58 billion ($353.53 mill…
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