SEOUL -- Hyundai Motor Co. aims to sell 200,000 vehicles in China next year, up 33 percent from this year's sales target, a company spokesman told Reuters last week.
Hyundai, which hopes to become a top-three player in the world's fourth-largest vehicle market next year, set up a 50-50 joint venture with Beijing Automotive Industry Corp. in October 2002.
Beijing Hyundai Automotive Corp. sold 110,862 vehicles in the first 10 months of 2004, the company said.
"Hyundai's hefty sales in China can be attributed to a localization strategy, improving quality and brand image," said a Hyundai spokesman.
Beijing Hyundai has targeted sales of 150,000 units this year, including 60,000 units of its mid-sized Sonata sedan and 90,000 Avantes.