SEOUL Oct 18 Hyundai Motor Co on
Tuesday said its two new plants in China will produce
environment-friendlier vehicles and models targeting the local
market, as the South Korean automaker works to fend off
competition from Chinese rivals.
Hyundai said it has completed its latest Chinese factory in
Changzhou, and will open another one in Chongqing next year.
The automaker said in a statement that the new production
facilities will build models of varying sizes to compete with
low-cost Chinese rivals. It also said it plans to sell a
China-specific sport utility vehicle from as early as next year.
Hyundai said it aims to produce nine green vehicles in China
by 2020, which will account for 10 percent of its sales in the
country by that year.
(Reporting by Hyunjoo Jin)