Hyundai Motor to set up JV with Sichuan Nanjun in China

The Hyundai Motor Company signed a formal agreement on Thursday to create a commercial vehicle joint venture (JV) in Sichuan province.

Hyundai and its Chinese partner, the Sichuan Nanjun Automotive Group, will each have a 50 percent stake in the joint venture, which will be called Sichuan Hyundai Motor Company, Sichuan Nanjun said in a statement.

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