Hyundai Motor has said it may increase its half share of Chinese truck and bus manufacturer Sichuan Hyundai Motor, jointly owned with the Sichuan Nanjun Automotive Group. Rules liming the control of foreign companies over Chinese firms and joint ventures have been relaxed, and Hyundai has joined VW and BMW in considering an increase in their shares of Chinese joint ventures. Sichuan produced just 12,228 commercial vehicles in 2018, despite its factory having a capacity of 10,000 trucks and 160,000 buses each year, and Hyundai has said it is considering various plans to boost its competitiveness.
Hyundai Motor has said it may increase its half share of Chinese truck and bus manufacturer Sichuan Hyundai Motor, jointly owned with the Sichuan Nanjun Automotive Group. Rules liming the control of foreign companies over Chinese firms and joint ventures have been relaxed, and Hyundai has joined VW and BMW in considering an increase in their shares of Chinese joint ventures. Sichuan produced just 12,228 commercial vehicles in 2018, despite its factory having a capacity of 160,000 trucks and 10,000 buses each year, and Hyundai has said it is considering various plans to boost its competitiveness.