Hyundai has big plans in China

|About: Hyundai Motor Co., Ltd. (HYMLF)|By:, SA News Editor

Hyundai (HYMLF) is considering opening a fourth plant in China to help it meet local demand.

The automaker will sign an agreement with the government of Chongqing to allow it to study potential plant locations.

Sale in China for Hyundai topped one million for the first time as it sliced some market share away from Toyota and Honda.