Hyundai appears to be looking for any way that could grow its footprint in China
For the first time, Hyundai is set to manufacture vehicles for an outside brand on contract, reaching an agreement with BAIC to build EVs for the Arcfox brand. The brand’s vehicles will be produced by Beijing Hyundai Motor Co, the joint venture the South Korean firm has had with BAIC since 2002. Production will be handled by the company’s facility in Chongqing, China, and current reports indicate that Beijing Hyundai will also oversee the design and quality control of the vehicles.
Read: Polestones 01 Is China’s Answer To The Lexus GX And Land Rover Defender “The cooperation suggests Hyundai has yet to give up the Chinese market,” a source told The Korea Economic Daily. “Hyundai is trying to rebuild a bridgehead for expansion in the country by establishing an EV production line.” It is unclear which Arcfox models Hyundai will produce at its joint venture factory. One of them will probably be the sleek Alpha-S sedan.
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