Hyundai Motor estimates it has lost stock worth KRW160bn (US$136m) in the huge warehouse explosion in the Chinese port of Tianjin last week.

Tianjin is the main gateway port for China’s northern regions including the capital city Beijing.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Hyundai said it had around 4,000 cars parked at the port at the time of the explosion, mainly the high-end Equus and Genesis models imported from South Korea. The company was quick to point out that the stock is insured, so it will not directly incur the ultimate cost of replacing the stock.

Volkswagen is also said to have lost some 2,750 cars in the explosion, while Renault told just-auto that it lost 1,500.

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now