The plans are part of a strategy announced on the opening of South Korean automaker’s fourth Chinese factory, which will be followed by fifth plant next year. South Korea's Hyundai 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 Chongqing and will open another one in Chongqing in 2017 . With the addition of the two plants - each with annual production capacity of 300,000 - this will increase the total number of vehicles it can make in Changzhou , its largest market, by about half to 1.81 million annually . Hyundai Motor saw its market share fall to 8.9% seven-year marking a seven-year low, since less expensive Chinese rivals have lured away hits customers.
South Korea's Hyundai 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 Chongqing and will open another one in Chongqing in 2017 . With the addition of the two plants - each with annual production capacity of 300,000 - this will increase the total number of vehicles it can make in Changzhou , its largest market, by about half to 1.81 million annually . Hyundai Motor saw its market share fall to 8.9% seven-year marking a seven-year low, since less expensive Chinese rivals have lured away hits customers.