Hyundai-Kia import ban in China

China has just closed its doors to the Hyundai-Kia group, one of the strong players in the promising Chinese car market, declaring an import ban on cars from the South Korean company.

The stop to imports has occurred after an apparent violation of the Chinese antitrust norms, which appears to be linked to irregularities in the local sales network, according to Reuters reports.

It’s not the end of the world for Hyundai-Kia as of the 520,000 cars sold in China every year, only 50,000 are actually produced in Korea. The rest are assembled in China through joint ventures with local manufacturers.

© Source: eurocarblog
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