Automotive News   |   Automotive News Europe   |   Autoweek   |   Automobilwoche

Automotive News China Newsletter
Register our free newsletter, sent each Monday and Thursday

     Automakers   Suppliers   Auto Show   Comment   Car Cutaway   Newsletters   Press Releases   Chinese Version   Register for Newsletter
  Contact Us:   Editorial   Advertising   Subscription Information   |   About Us   Media Kit
Home >> Automaker Email this story   Print this story
 
Hyundai, Kia post steep 2017 sales declines
Automotive News China | 2018/1/23

Hyundai Motor Co. and affiliate Kia Motors posted steep sales slumps in China last year as consumers boycotted leading Korean brands amid a diplomatic spat.

Sales at Beijing Hyundai Motor Co. fell 31 percent to 785,006 in 2017, according to the China Association of Automobile Manufacturers. Deliveries at Dongfeng Yueda Kia plunged 45 percent to 360,006. 

Beijing Hyundai is a joint venture between Hyundai and BAIC Motor Group Co., while Dongfeng Yueda Kia is a three-way joint venture between Kia, Dongfeng Motor Corp. and local investment company Jiangsu Yueda Investment Co.

The two joint ventures ran into trouble last May after South Korea decided to deploy a U.S.-built anti-missile defense system. The decision triggered a diplomatic dispute and anti-Korean sentiment spiked in China.

Hyundai and Kia sales began to stabilize late in 2017 after bilateral relations between China and South Korea improved and the two automakers introduced new models. 

But poor results in December indicate the recovery is not complete. Deliveries at Beijing Hyundai declined 17 percent year on year to 120,638 while sales of Dongfeng Yueda Kia dropped 29 percent to 54,821.

Related Stories
  • Kia venture's deliveries advance 48%
  •     --Published:2019/12/2
     
  • Hyundai venture posts sales surge in January
  •     --Published:2019/8/2
     
  • Hyundai plans voluntary buyouts as market slows
  •     --Published:2019/29/1
     
  • Kia launches first electric vehicle with the KX3
  •     --Published:2018/14/12
     
  • Kia venture starts exports to boost sales, factory output
  •     --Published:2018/23/11
     
  • How Hyundai Motor, once a rising star, lost its shine
  •     --Published:2018/9/11
     
  • Hyundai, facing spotty recovery, to ship China-made cars to Southeast Asia
  •     --Published:2018/31/8
     
  • Hyundai Motor replaces China head amid weak recovery
  •     --Published:2018/27/7
     
  • Hyundai, Kia see sharp rebound in deliveries
  •     --Published:2018/19/6
     
  • Hyundai's new mantra to lure back buyers: Made for China
  •     --Published:2018/15/5
     
  • Hyundai group targets 18% sales boost in China this year, report says
  •     --Published:2018/8/5
     
  • Kia projects big sales rebound this year
  •     --Published:2018/30/1
     
  • Hyundai mulls plant in Southeast Asia after China setback
  •     --Published:2018/12/1
       
     
     

    Our Newsletter Editions
    Automotive News China produces two email newsletters each week. You can sort your news by the articles highlighted in each of our newsletters here.

    Select your newsletter     

     
     

    Automotive News China
    Room 1303, Building 2, Lane 99, South Hongcao Road,
    Shanghai 200233
    Telephone: 86-139-1851-5816
    Fax: 86-21-6495-0895
     
    Home | Help Center | About Us | Privacy Policy | RSS
    Entire contents © Crain Communications, Inc.
    Use of editorial content without permission is strictly prohibited. All Rights Reserved.
    ICP06057291