Korean automakers Hyundai Motor and Kia Motors are doing great in China with their combined market share in the world′s second biggest economy expected to reach a nine-year high.
Industry sources say Hyundai and Kia sold over 1-point-1 million cars during the first eight months of this year, with the combined market share standing at 10-point-6 percent.
The figure is the highest since 2005 when they accounted for 11 percent of Chinese market.
With the automakers′ newly released models, analysts forecast they′ll surpass that mark this year.
However, others say it remains to be seen whether they′ll maintain a 10 percent-plus market share, since they did not get the approval from Chinese government on its plan to establish four manufacturing plants there.
