The Republic of Korea (RoK)’s Hyundai Motor said it is considering building a car plant in Southeast Asia with Indonesia and Vietnam being possible locations.
Hanoi (VNA) – The Republic of Korea (RoK)’sHyundai Motor said it is considering building a car plant in Southeast Asiawith Indonesia and Vietnam being possible locations.
The intention came from the intense political ties between Beijingand Seoul after the RoK allowed the US to deploy its anti-missile defensesystem THAAD in the country, hurting Hyundai and other Korean firms that arehighly reliant on the Chinese market.
Hyundai expects its China sales to reach about 900,000vehicles in 2018, a recovery from last year, according to a companyspokeswoman.
Hyundai has not disclosed estimates for 2017 China sales butthe figure of 900,000 would still be far below its production capacity of 1.65million vehicles in its biggest market.
The company aims to sell 7.55 million vehicles in 2018 amidsluggish global economic growth that reduces demand in numerous keymarkets.-VNA
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Hyundai logo (Source: EPA/VNA) 
