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South Korea, Feb 4 (Canadian-Media): A statement was made on Tuesday by Hyundai, the world’s fifth-largest carmaker and relies on auto parts from China, that it will be suspending production lines at its car factories in South Korea, due to disruptions in the supply of parts resulting from the coronavirus outbreak in China, media reports said.
Hyundai. Image credit: Website
The coronavirus in China had caused shut down of many auto plants in China, including factories run by Hyundai, Tesla, Ford and Nissan.
South Korea would be the first to shut down Hyundai plants outside China, as Hyundai had increased production in China over the past two decades.
Chinese factories remaining shut for a long time remain shut down would cause greater risk of shortages of key components.
More than four million vehicles last year were sold by Hyundai, most of them in China and the United States.