This is a China news story, published by Yahoo Finance, that relates primarily to Hyundai news.
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Beijing HyundaiGlobalData
•69% Informative
Beijing Hyundai Company , the South Korean automaker’s main vehicle assembly joint venture in China , is planning to cut its workforce as it struggles with significant overcapacity in the country according to local reports.
At its peak in 2016 , before the political fallout between China and South Korea over the deployment of the US THAAD missile defence system, Hyundai sold over 1.6 million vehicles annually in China .
Recent restructuring reduced Hyundai 's production capacity to just over 1 million vehicles across three main plants, with two plants located in Beijing and Chongqing .
VR Score
65
Informative language
62
Neutral language
27
Article tone
formal
Language
English
Language complexity
64
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
1
Source diversity
1
Affiliate links
no affiliate links