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Hyundai Confirms Next China Plant to be Wholly Owned

Executive Summary

Hyundai Motor Co. Ltd. Vice Chairman Kim Dong-jin confirms the South Korean auto maker will build a second engine plant in China without the involvement of Beijing Automotive Industry Holding Co., its joint venture partner in Beijing Hyundai Motor Co. Ltd. The wholly owned factory will be located in Shandong province. (See related story: Hyundai Mulls Independent Chinese Engine Plant) Hyundai officials







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