April 24, 2024

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[THE INVESTOR] Korean carmaker Hyundai Motor Group said on April 25 it will unveil two new vehicles at this year’s Beijing Motor Show to attract more local customers.

Hyundai Motor will introduce the Lafesta, a localized sporty sedan that will only be sold in China, with an aim to sell the model in the fourth quarter, the company said in a statement.

Its corporate cousin Kia Motors also plans to launch the YI PAO sport utility vehicle, another model custom-made for the Chinese domestic market, in the second half of this year. The K5 plug-in hybrid model will be introduced for the first time in China, the company said in a statement.

At the motor show that runs through May 4, Hyundai and Kia will display 28 vehicles, including two concept cars and environmentally friendly models, the carmakers said.
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By Song Seung-hyun and newswires (ssh@heraldcorp.com)