Hyundai Motor Group Unveils Two New Models In Beijing
Faizan Hashmi Published April 25, 2018 | 01:34 PM
Hyundai Motor Group, South Korea's biggest carmaker by sales, has unveiled two new vehicles at this year's Beijing Motor Show to prop up its lackluster sales in the world's biggest automobile market, the company said Wednesday.
SEOUL, (UrduPoint / Pakistan Point News - 25th Apr, 2018 ) :Hyundai Motor Group, South Korea's biggest carmaker by sales, has unveiled two new vehicles at this year's Beijing Motor Show to prop up its lackluster sales in the world's biggest automobile market, the company said Wednesday.
Hyundai Motor Co. has introduced the Lafesta, a localized sporty sedan that will only be sold in China starting from the fourth quarter. The new car will be produced at Hyundai's plant in Chongqing, the company said in a statement.
Hyundai's sister company Kia Motors Corp. plans to launch the YI PAO sport utility vehicle, another model custom-made for the Chinese domestic market, in the second half of this year. The K5 plug-in hybrid model has been introduced for the first time in China, Kia said in a statement.
Further details on the two new vehicles will be released when they are launched locally, the companies said. At the motor show that runs through May 4, Hyundai and Kia said they will display 28 vehicles, including two concept cars and environmentally friendly models.
Hyundai has displayed its Le Fil Rouge concept car, developed under the project name of HDC-1, in Beijing after taking the wraps off the concept car at the Geneva motor show in Switzerland in March.
Kia has also introduced the Telluride plug-in hybrid electric (PHEV) SUV concept in Beijing. The Telluride concept was unveiled at the Detroit auto show in 2016, and in January, Kia said it was considering launching the new SUV in the U.S.
in 2019 to take advantage of growing demand for SUVs. Hyundai and Kia, which together form the world's fifth-largest carmaker in terms of sales, have been stepping up efforts to revive sales in China this year after their sales were hit hard by a diplomatic row between the two countries over the deployment of a U.S. anti-missile system on the Korean Peninsula last year.
Related Topics
Recent Stories
Govt committed to developing gems, jewellery sector: Minister
Three new bills introduced in Senate
Nine dead, 1,318 injured in Punjab road accidents
Ukraine, Russia exchange fire, at least seven dead
1st-ever National Sports Revival conference starts next month
Joint venture decided for action against MEPCO’s defaulters
Modern irrigation system imperative to deal with water scarcity: UAF VC
Bringing 4.4mln hectares suitable land under olive cultivation to address econom ..
One woman died after speedy bus overturned
155 killed in Tanzania as heavy rains lash East Africa
Parliament committed to resolve public issues on priority basis: Ghulam Mustafa
Collaborative Care of Diabetes Centre inaugurated in Faisalabad
More Stories From Business
-
Collaborative Care of Diabetes Centre inaugurated in Faisalabad
29 minutes ago -
Kazakh envoy stresses quantum jump in bilateral trade
22 minutes ago -
Thousands of flights scrapped as French air traffic controllers strike
27 minutes ago -
SECP proposes amendments to General Takaful Accounting Regulations, 2019
27 minutes ago -
Govt committed to developing gems, jewelry sector: Minister
37 minutes ago -
Pakistan earns $1,976 million from IT services' export in 8 months
2 hours ago
-
Turkey central bank holds key interest rate steady
20 minutes ago -
PSX loses 80 points
2 hours ago -
Ahad Cheem lauds UNDP’s cooperation
2 hours ago -
Rupee sheds 09 paisa against dollar
20 minutes ago -
Chinese tech behemoth enters game amid global EV surging trend
20 minutes ago -
London stocks hit new record on blockbuster mining takeover bid
3 hours ago