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
Sub-cabinet committee reviews law, order in Punjab
Notification of confirmed police officers issued
Open courts part of struggle against corruption: ACE DG
Resolving citizens’ complaints top priority of Federal Ombudsman: IO
Government, lender banks conclude PIA’s commercial debt negotiations
Man gets 14 years imprisonment in drugs case
Punjab police accelerate crackdown on drug peddlers
DC reviews meeting, takes action against token tax violations, traffic rules
44 arrested for kite flying in 24 hours
Boao forum for Asia 2024 concludes on successful note
Turkey's Erdogan to hold White House talks with Biden in May
Rana Mashhood appointed chairman PM's Youth Programme
More Stories From Business
-
US Fed's favored inflation gauge ticks higher as fuel costs rise
2 hours ago -
ICCI, CDA sign MoU for upgrading, maintaining public washrooms
2 hours ago -
Prudent policies lead to sustainable economic recovery: Finance Ministry
3 hours ago -
Minister for Finance and Revenue Muhammad Aurangzeb holds meeting with SBP Governor
2 hours ago -
Exchange rates for currency notes
4 hours ago -
PTC rebuts misleading tax loss figures, seeks fair market competition
5 hours ago
-
Economy commences on better note in 2024: Finance Minister
5 hours ago -
Gold rates up by Rs.3,800 to Rs.234,800 per tola
5 hours ago -
SACM directs authorities to find out solution to problems of miners, crush plants
5 hours ago -
Weekly inflation falls slightly
5 hours ago -
Uzbekistan's Ambassador, Pakistan’s Commerce minister forge path for enhanced economic ties
5 hours ago -
Finance Minister calls for reforming tax system to improve country's economy
6 hours ago