Hyundai Motor Group China Ltd.(2008 Guide to China's Auto Market)

Automotive News, April, 2008

Byline: Gary Anglebrandt

Room 701, Hyundai Motor Tower, No. 38 Xiaoyun Road, Chaoyang District, Beijing 100027, P.R. China

(86) 10-8453-9666, www.hmgc.com.cn

Top executive: Lee Il Jang, president

Hyundai and Kia would like to forget 2007. China's auto market grew 21.3 percent, but sales at Hyundai Motor Group China Ltd. dropped 16.5 percent.

For instance, sales at the group's Beijing Hyundai Motor Co. fell 20.3 percent from 2006 to 231,137 units, well below the target of 310,000 units. Hyundai and Kia are addressing the situation in China by keeping high sales goals and adding capacity.

Beijing Hyundai will open a second plant in April, doubling...