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 and BAIC’s relationship dates back to 2002 when they established a joint venture to build a car plant in China. Although reports claimed Hyundai would produce EVs under the Chinese automaker’s Arcfox brand in October, those plans have since fallen through over financing. million cars sold, to about 250,000, or less than 1%.
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