Hyundai raises sales targets in China for 2009

• Source: Global Times
• [13:15 July 15 2009]
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Hyundai i30

Hyundai Motor Co said in a statement Tuesday that its Chinese unit expects to sell 450,000 vehicles in 2009, a 12.5 percent increase from its previous goal.

Due to stimulus measures from the Chinese government to boost demand for cars, Hyundai raised its sales targets a second time. In April, an executive of Beijing Hyundai had said the company had raised its sales goal in China for this year to 400,000 units from 360,000, compared with 294,506 in 2008.

Beijing Hyundai is going to launch a China-exclusive model of the Sonata mid-sized sedan and the i30 hatchback in the second half of the year.

Beijing Hyundai sold 257,003 cars in the first half of this year, up 56 percent from a year earlier.

Agencies and Shi Jierui contributed to this story