South Korea’s Hyundai will spend some $800m to build a third Chinese plant, says the Nikkei [sub]. The plant will be located in Beijing along with its two existing facilities. It is targeted to come on-stream at the end of 2011, with an annual capacity of 300,000 units. According to the Nikkei, Hyundai, together with Kia,
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Hyundai Expands In China, Exits Japan
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