Hyundai fights brand damage amid bruising anti-Korean sentiment
Drive to boost lagging image in biggest market China
Seoul/Beijing — Bruised by anti-Korean sentiment in its biggest market and losing ground to local car makers, Hyundai Motor will open its first Chinese brand store and may locally assemble its premium Genesis cars and accelerate the launch of a sport-utility vehicle (SUV), people familiar with the plans said. The measures are aimed at rebooting the South Korean firm’s branding in China, where many see Hyundai as a lower-end maker of city taxis. Hyundai and its affiliate Kia Motors were not long ago ranked third among foreign car brands in China, but recent sales have been hit by a consumer backlash over South Korea’s deployment of a US antimissile defence system that Beijing opposes. Analysts say the diplomatic row masks broader problems for Hyundai/Kia in China: poor brand recognition and a model lineup struggling against local brands’ cheaper SUVs. "Hyundai has an in-between brand that doesn’t have a clear identity in China and there’s the backdrop of poor China-Korea relations," ...
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