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Hyundai and Chinese partner BAIC announce RM5 bil investment in Beijing Hyundai Motor joint venture

  • Hyundai Motor and BAIC Motor will invest nearly USD1.1 billion in their Beijing Hyundai joint venture.
  • The investment signifies Hyundai's commitment to the Chinese car market despite declining sales.
  • The joint venture aims to develop products tailored to Chinese consumers and expand exports.
  • No electric vehicles are currently listed on Beijing Hyundai's website.

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