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Hyundai and Kia sell 1 million cars in China become No 2 seller
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Tuesday, 04 Jan 2011
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Yonhap reported that Hyundai Motor Co and its affiliate Kia Motors Corp sold a combined 1.1 million vehicles in China last year becoming the second largest auto seller in Asia biggest car market.

South Korea biggest carmaker Hyundai Motor said its Beijing unit Beijing Hyundai Motor sold 700,000 locally manufactured units in China with Dongfeng Yueda Kia Automotive, the Chinese unit of Kia Motors selling 330,000 units.

Including additional sales of imported Hyundai and Kia cars there, Hyundai Motor Group sold 1.1 million units becoming the second largest car seller with a 9% market share in China trailing only Germany based Volkswagen Group.

An official for the two affiliated carmakers said "Achieving 9% market share and the status of the No 2 car seller in just the nine years since our 2002 entrance into China is just a miracle especially considering that more than 43 carmakers compete for this market."

(Sourced from Yonhap)

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