Hyundai will ‘take the bull by the horns’ with a new EV brand in the world’s biggest market
Baua Electric
FEBRUARY 1, 2024
Hyundai’s market share has fallen from a peak of 7% in 2017, with 1.6 Late last year, Hyundai sold its plant in Chongqing for $225 million, less than half of what it purchased it for. Hyundai is throwing its all into the new EV project to take on market leaders like Tesla and BYD.
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