South Korea's Hyundai Motor Co has suspended production at all of its four Chinese factories due to supply disruption, a spokeswoman said on Tuesday. Media reports said Beijing Hyundai, Hyundai's Chinese joint venture with China's BAIC Motor Corp Ltd, has been unable to pay suppliers after sales slumped following a diplomatic spat, leading to the supply disruption. Last year, South Korea agreed to deploy a U.S. missile defense system to counter threats from North Korea. China objected that the system's radar would be capable of penetrating its territory, sparking ...
Hyundai Motor suspends all four Chinese factories due to supply disruption
Hyundai Motor's sales from Chinese factories fell 64% to 105,000 vehicles in April-June alone