Hyundai, BAIC Motor to invest $1.1b in Chinese JV

Hyundai, BAIC Motor to invest $1.1b in Chinese JV

Robots work on the welding line at a Beijing Hyundai Motor Co. plant in Beijing, China, on Friday, March 15, 2013. Photographer: Tomohiro Ohsumi/Bloomberg

Chinese state-owned automaker BAIC Motor and South Korean Hyundai Motor have agreed to invest around $1.1 billion into their joint venture (JV), which is seeking to roll out more products targeting Chinese consumers and expand its export scale in international markets. 

Edited by: Padma Priya

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