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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.

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