BEIJING — Hyundai Motor Co. Ltd. dives into China's passenger car market with a joint venture with the Jiangsu Yueda Group. If the deal goes as planned, Hyundai will be China's largest car manufacturer, Hyundai officials say. A passenger car production facility with an annual capacity of 300,000 units will be developed jointly by Hyundai and subsidiary Kia Motors Corp., which already has an agreement with Jiangsu Yueda (see FOCUS ON CHINA — December, '99, p.4). The existing facility will ...
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