Hyundai Motor has temporarily decided to suspend production at a Chinese plant starting from next week, South Korean online news website ChosunBiz reported on Sunday, in what appears to be the latest fallout of the ongoing THAAD fiasco.
Hyundai Motor has temporarily decided to suspend production at a Chinese plant starting from next week, South Korean online news website ChosunBiz reported on Sunday, in what appears to be the latest fallout of the ongoing THAAD fiasco between Beijing and Seoul.
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According to ChosunBiz, Hyundai Motor’s China joint venture informed local suppliers that it will halt the production work at Cangzhou in Hebei Province from March 24 to April 1 for maintenance purposes.
But many analysts see political reason behind Hyundai’s decision, claiming that temporary suspension is due to flattening sales of South Korean products amid the THAAD tension. Interestingly, the call for temporary shutdown has come within six months the factory began its operation.
A Hyundai spokesperson declined to offer any comments on the report.
