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Hyundai Motor's $926.5 million Chongqing plant
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Models pose with Hyundai Motor Co's new Sonata sedan during its launch event in Seoul March 24, 2014. [Photo/Agencies] |
Hyundai Motor Co plans to build its fourth plant in China for about 1 trillion Korean won ($926.5 million) and start production in early 2016. Hyundai and its affiliate Kia Motors Corp are betting the facility in Chongqing will protect their share of the world's biggest car market.
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