Hyundai Motor announced on October 20 that its annual sales of vehicles in China will be likely to reach 1 million units for the first time this year.
Korea’s largest automaker, which established a joint venture with the Chinese local partner Beijing Automotive in 2002, sold 760,916 units in China during the first three quarters this year, up 28 percent from a year earlier. That brought cumulative sales in the Chinese market to more than 5 million units.
Hyundai will begin selling a new sedan exclusively made for Chinese customers, the Mistra, from November.
The price of the Mistra, which was showcased in April at the Shanghai Auto Show, will range from 150,000 yuan (US$24,620) to 190,000 yuan (US$31,183), offered with either a 1.8 liter or a 2 liter gasoline engine.