Heavy-duty trucks to be made through South Korea

(chinatrucks.com, Dec.21, 2009)Hyundai Motors of South Korea has agreed to a joint venture with the Chinese Baotou Bei Ben Heavy-Duty Truck company.

As part of the deal, Hyundai will have to agree to a US$400-million joint venture in China next year.

Hyundai agreed to a 50:50 stake to take over the Chinese firm's large truck manufacturing sector to increase production from the current 40,000 units a year to 100,000 units a year by 2014.

The South Korean company said the deal would help it move into the world's largest and fastest-growing market for commercial vehicles and establish its reputation as the most comprehensive vehicle manufacturer in the world's largest auto market.

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