Hyundai Automotive Group Chairman Chung Mong-koo and Jia Quinglin, chairman of the Chinese People’s Political Consultative Conference, met Sunday and discussed cooperative efforts to develop the two nations’ automotive industries.
According to Korea Times Hyundai leader Chung noted Hyundai Automotive Group’s Chinese subsidiaries and joint ventures would play a core role in the group’s global strategy. Chung spoke before a meeting between 150 company executives and 150 businessmen and government officials from China at the Hotel Hyundai in Kyongju located on the Korean peninsula’s southwestern province.
Chairman Chung said Hyundai Motor and Kia Motors would be capable of rolling out 1 million vehicles a year from 2008. He added the Hyundai Automotive Group would endeavor to become the most loved carmaker in China and contribute to the Chinese auto industry and economy.
Jia Quinglin, who has been working closely with Chung, said he hopes Hyundai will become a role model showing companionship in economic co-development and goodwill between the two East Asian nations.
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