Beijing Hyundai has raised its 2012 sales target but expects to maintain its current 6.2% market share this year, a senior executive said.
Hyo Heum Baik, Beijing Hyundai Motor’s president and CEO, told Reuters at the Beijing show the company expects to sell 800,000 cars this year, up from its earlier target of 790,000. It will add 80 dealers this year to bring the total to 800.
Go deeper with GlobalData
Beijing Hyundai is a JV between Chinese state-owned BAIC Group and Hyundai Motor.
Baik said Beijing Hyundai had no current plan to build a fourth car factory in China. It is building its third plant there to help ease capacity constraints.
Affiliate Kia also builds in China.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
