Huang Qifan, mayor of Chongqing Municipality, and Seol Yong-heung, vice chairman of Hyundai Automotive Group, on March 27 signed a “strategic cooperation agreement” between the Central China city and the Korean automaker’s Beijing Hyundai joint venture to develop a new vehicle-assembly plant with annual capacity of 300,000 units. Featuring a location that connects the markets of China's coastal cities, Europe and Central Asia, “Chongqing is the best location for ...

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