Hyundai Motor has stopped production at its China factories as the fallout from a political spat between Seoul and Beijing continues to inflict pain on South Korea’s largest automaker.
The company said its Chinese affiliate Beijing Hyundai Motor had ceased operations at its four plants in China after a local supplier refused to provide necessary parts when it did not receive payment.
The development is the latest blow to the South Korean group, which last month reported a 65 per cent drop in sales in China — its largest market.
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