Hyundai to start up new plant
South Korean automaker Hyundai Motor Co said on Wednesday it will begin production at its fifth factory in China in August. The plant in Chongqing is part of its efforts to strengthen competitiveness by making compact sedans and sport utility vehicles tailored to Chinese tastes, the automaker said. “The Chongqing factory will produce high-quality new models for the Chinese consumer, and make Hyundai an automaker that encompasses eastern and western China,” Vice-Chairman Chung Eui-sun said in the statement. tival every September. Every year, about 4 billion Chinese choose to take a trip for relaxing and most of them prefer a coastal trip. Tourists’ enthusiasm for beach is seen boosting tourism and the coastal economy.