Hyundai-Kia's share in China break through 10%
Dec 26, 2012
According to Yonhap, Hyundai-Kia Automotive Group announced that from January to November of 2012, the company has sold 1,198,194 vehicles in China, with a market share of 10.4 percent in China, and break through 10 percent for the first time, after VW, GM, and ranked the third.
Hyundai and Kia has launched Elantra and K3 in the second half of 2012, and set sales records in September and Dovember. The new SantaFe will soon goes into production in the Hyundai's third plant in China, then the rate of return is expected to increase dramatically . Kia's third plant in China is expect to finish in 2014, as a result, Hyundai and Kia will have an annual production capacity of 1.74 million vehicles.
Hyundai has sold 4 million vehicles, and Kia has sold 2 milion vehicles in China by the end of November, 2012.
