Hyundai, BAIC break ground for $975 mln 3rd China plant

Newswire

* To build up capacity in phases * Expect 2010 China sales up 23 pct yr-on-yr By Fang Yan and Ken Wills BEIJING, Nov 28 (Reuters) - South Korea's top automaker Hyundai Motor Co and its Chinese partner broke ground on Sunday for a third plant to ease their undercapacity in the world's largest auto market. Bejing Hyundai, a tie-up between Hyundai and major Chinese state auto group Beijing Automotive Industry Holding Co (BAIC), is expected to sell about 700,000 cars in China this year, ...

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