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China-South Korea joint venture announces sale of 19,000 cars to Russia.
(From BBC Monitoring International Reports)
(New China News Agency)
Beijing, 16 February: A China-Republic of Korea (ROK) joint venture has announced China's biggest ever car export deal with the sale of 19,000 vehicles to Russia.
Beijing Hyundai Motors (BHM), a 50-50 joint venture between Beijing Automotive Industry Holding Co and Hyundai Motors of the ROK, will export 19,000 Hyundai Sonatas worth 200m US dollars to Russia this year, said a company executive.
"The Ministry of Commerce said the export deal equals all the sedan cars exported overseas since the founding of New China," said Xu Heyi, general manager of the company, quoted by …
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