Leading South Korean carmaker Hyundai Motor Co. and China's Beijing BAIC Motor will inject 1 trillion Korean won ($823 million) into their joint venture to reverse the decline in the Chinese market through electric vehicles.
Ang dating bise presidente ng negosyo ng Hyundai Motor Group (China) ay sumali sa Wanda Automobile bilang pangkalahatang tagapamahala sa katapusan ng Disyembre.
Contemporary Amperex Technology Co., Limited (CATL), a Chinese battery manufacturer, has set up a branch in South Korea to provide support in lithium iron phosphate (LFP) battery technology to its customer Hyundai Motor.