South Korea 's Hyundai Motor has announced that its two new factories will make green cars as part of a new Hyundai strategy for China , as it tries to fend off increasing competition from its Chinese rivals . Hyundai said it has completed its latest Chinese plant , its fourth , in Changzhou and will open another one in Chongqing in 2017 . With the addition of the two factories - each with annual production capacity of 300,000 - this will increase the total number of vehicles it can make in China , its largest market , by about half to 1.81 million annually . It aims to sell a China-only SUV from as early as next year, with more SUV models planned. Hyundai saw its market share fall to 8.9 % last year marking a seven - year low , since less expensive Chinese cars have lured away hits elsewhere .
South Korea 's Hyundai Motor has announced that its two new factories will make green cars as part of a new Hyundai strategy for China , as it tries to fend off increasing competition from its Chinese rivals . Hyundai said it has completed its latest Chinese plant , its fourth , in Changzhou and will open another one in Chongqing in 2017 . With the addition of the two factories - each with annual production capacity of 300,000 - this will increase the total number of vehicles it can make in China , its largest market , by about half to 1.81 million annually . Hyundai saw its market share fall to 8.9 % last year marking a seven - year low , since less expensive Chinese cars have lured away hits elsewhere .