Hyundai Motor Halts Domestic Factory Production Due to Impact of New Coronavirus
[Asia Economy Reporter Geum Bo-ryeong] Hyundai Motor announced on the 7th that it will halt production at its Ulsan and Asan plants due to the impact of the novel coronavirus infection (Wuhan pneumonia).
This is because the extension of the Chinese government's Lunar New Year holiday period to prevent the spread of the novel coronavirus has caused disruptions in the supply of production parts. The date for resuming production is undecided.
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A Hyundai Motor official explained, "We are planning future measures such as expanding parts procurement domestically and in Southeast Asia, and minimizing the time required for parts procurement when partner companies resume production in China."
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