Hyundai says China JV to make 50,000 cars in 2003


BEIJING, Dec 23 (Reuters) - South Korea's Hyundai Motor Co Ltd said on Monday it plans to make 50,000 passenger cars next year and 300,000 by 2005 at a new China joint venture to tap one of the world's fastest growing car markets. The figures, provided by the joint venture's chairman, Xu Heyi, in a statement are about 50 percent higher than estimates given by Hyundai in October when it announced the tie-up with Beijing Automotive Industry Holdings. Hyundai rolled out its first ...

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