Beijing Hyundai Motor Co. Ltd. plans to develop hybrid-electric vehicles within the next two years, press reports say. The auto maker’s announcement to the Chinese media comes on the heels of a recent postponement by Hyundai Motor Co. Ltd. and sister Kia Motor Corp. to launch HEV sales in Korea by three years. Beijing Hyundai is a 50-50 joint venture formed in 2002 between Hyundai and Beijing Automotive Group. Board Chairman Xu Heyi says the Chinese HEV will be developed at the ...
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