ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Companies

Hyundai eyes plant closure in Beijing: source

China sales continue to lag from missile shield fallout

Hyundai Motor is streamlining its China operations amid sluggish sales.   © Reuters

SEOUL/BEIJING -- South Korea's Hyundai Motor is looking to halt one of its three factories in Beijing operated through a venture with China's BAIC Group, a company source confirmed to Nikkei on Wednesday.

The automaker has suffered sluggish sales in the world's largest car market since 2017, when a U.S.-developed missile shield was deployed in South Korea over Chinese protests. It is now reevaluating its Chinese operations after plants there ran at less than half capacity in 2018.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more