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Hyundai Motor Tops Five Million Units of Cumulative Sales in China
Hyundai Motor in China
Hyundai Motor Tops Five Million Units of Cumulative Sales in China
  • By matthew
  • December 18, 2013, 15:21
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Hyundai Motor recently launched the Mistra, solely for targeting the Chinese market.
Hyundai Motor recently launched the Mistra, solely for targeting the Chinese market.

 

The automaker said on December 17 that the annual production of Beijing Hyundai Motor, a joint venture between Hyundai and Beijing Automotive Industry Holding, has surpassed 1 million units so far this year. 

“Beijing Hyundai Motor became the fourth carmaker in China to surpass 1 million vehicles in annual production after Shanghai Volkswagen, Yiqi Volkswagen and Shanghai GM,” said Yoo Bok-kyu, a spokesperson at the company.

As a result, in 2012 Hyundai Motor reached a milestone of 5 million units of cumulative sales in China, approximately 10 years after entering the market.

On the occasion of this milestone, the company is going to announce a new brand strategy next week. Last month, Hyundai started selling the Mistra, a mid-class sedan manufactured exclusively for the Chinese market.