UPDATE 2-Hyundai to double China sales to $2.2 bln

Newswire

(Adds details on possible IPO, executive's comments) SHANGHAI, Nov 18 (Reuters) - Hyundai Motor , South Korea's biggest auto maker, should double sales to $2.2 billion from its car-making venture in China this year, despite a downturn in the world's fourth-largest vehicle market. Xu Heyi, chairman of Beijing Hyundai Automotive Corp., a 50-50 venture set up in 2002, told Reuters on Thursday the company should earn revenue of 18 billion yuan ($2.2 billion) in 2004 and remains on track to ...

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