The auto industry has been changing all over the globe, and all the carmakers are trying to tap in on the major markets to change their sales numbers, which have been seeing a major declining trend all over the globe. The foremost in this race has got to be the Korean auto industry, which has been taking some huge strides in the Chinese markets, which are the world’s largest auto markets. Hyundai, the top Korean carmaker, has been very keen on tapping all the potential in the Chinese markets.
Hyundai has been announcing new plants and new operations in China along with that the nation has been launching some amazing products that are especially aimed at the Chinese markets, and the company is also expected to change the EV industry of the nation which is what is the future of the auto markets in China and all over the globe. Hyundai Glovis Co., a logistics unit under South Korea’s Hyundai Motor Group which has a lot of other subsidiaries, will set up joint ventures with China’s top automotive logistics service provider Changjiu Group to tap into the China’s used car market with great growth potential and auto shipping business in Southeast Asia and hence strengthening its presence in the Asian markets.
So with this, Hyundai will for sure be able to dominate the used car market, and then it will be simultaneously rising in the new car and EV market and will get a lot of marketing from the used car sales too, so it’s a win-win for Hyundai in China now.
Tags : EV, Hyundai ,