Hyundai opens its fourth plant in China and launches a China only model - the Hyundai Verna Yuena

Hyundai Motor Company has opened its fourth manufacturing plant in China in the city of Cangzhou in north eastern China. The new plant, Beijing Hyundai Motor Company Cangzhou Branch, has an annual capacity of 300,000 units. Hyundai Motor Company aims to seize the initiative in China with its ‘New Plant, New Model and New Strategy’ approach. 

News: Inokom Assembles And Exports the Hyundai Elantra To Thailand

INOKOM Corporation Sdn Bhd (Inokom), which had sealed a deal with Hyundai Motor (Thailand) Co. Ltd. (HMC Thailand), will assemble and export 1,000 units of the Elantra, Hyundai’s popular C-segment passenger car to Thailand in the first year. The Elantra Nu1.8L is the only model that is being exported to Thailand. The number of units for export to Thailand is expected to increase in tandem with market demand as the Malaysian-assembled model is being priced cheaper due to the ASEAN Free Trade Area Agreement (AFTA).