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Beijing bling: Hyundai plots China branding reboot after missile row

Hyundai to consider brand rebooting in China to enhance China-Korea ties

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Even before the missile systems row, Hyundai/Kia’s China market share tumbled to 8.1 per cent last year, the lowest in eight years Photo: Reuters

Hyunjoo JinJake Spring Seoul/Beijing
Bruised by anti-Korean sentiment in its biggest market and losing ground to local automakers, Hyundai Motor will open its first Chinese brand store, and may locally assemble its premium Genesis cars and accelerate the launch of a sport-utility vehicle (SUV), people familiar with the plans said.

The measures are aimed at rebooting the South Korean firm’s branding in China, where many see Hyundai as a lower-end maker of city taxis.

Hyundai and its affiliate Kia Motors were not long ago ranked third among foreign car brands in China, but recent sales have been hit by a consumer backlash over South

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First Published: May 29 2017 | 12:55 AM IST

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