According to multiple press releases dated January 17, Beijing Hyundai sold its Chongqing Plant to Chongqing Liangjiang New Area Yufu Industrial Park Construction Investment Co., Ltd. at CNY 1.62 billion.
Put up for sale in June 2023, the plant has been sold off for the first time since its 2017 commissioning.
Hyundai Motor said that this move aims at adjusting the operation model of its plants in China in a reasonable manner for increased benefits.
In 2021, Hyundai Motor sold its No.1 Beijing Plant, which decreased the number of its plants in China from 5 to 3.
From multiple press releases