Hyundai bet big on China. Now coronavirus is twisting its supply chain

FILE PHOTO : A worker stands in front of parts of Hyundai Motor's sedans at its plant in Asan, South Korea, January 27, 2016. REUTERS/Kim Hong-Ji/File Photo

SEOUL (Reuters) – South Korean car giant Hyundai Motor (005380.KS) has increasingly relied on China to supply auto parts to its manufacturing hub at home in recent years. As the coronavirus spreads, its strategy could be backfiring. One of its main suppliers, Kyungshin, which has rapidly boosted capacity in China over the past two decades […]

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