Beijing Hyundai sold Chongqing factory for 226 million USD, less than half of its initial listing price

Initially, Beijing Hyundai hoped to sell the factory for 513 million USD, but no one showed interest, so it had to lower the price.

Hyundai will adopt CATL’s CTP batteries to power 70,000 EVs next years

The cooperation was announced in 2021 without exact timeline.