Hyundai Motor Co. Ltd. and Beijing Automotive Industry Holding Co. Ltd. plan to build as many as 500,000 vehicles annually in China by 2010, say Korean news reports. The 50/50 joint venture will break ground on a new plant next month, where Hyundai Sonatas, AvanteXDs and other passenger cars will be produced. Hyundai is investing $430 million in the JV by 2005 and an additional $670 million in 2010, say reports.

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