The downturn in the Chinese auto market is becoming the biggest crisis for Hyundai-Kia Group. On August 18th, the group announced that the three executives managing China's business will be fully rehabilitated, and the new top executives will take office next Monday. The main reason for the sudden change of personnel personnel is that Hyundai Motor and Kia Motors have not performed well in the Chinese market this year. It is understood that this personnel earthquake involves the top leaders of Hyundai and Kia’s two joint ventures in China. Among them, LeeByung-Ho from the Korean headquarters will replace Jin Tairun as the general manager of Beijing Hyundai, and Kim Gyun will replace Su Nanyong as the general manager of Dongfeng Yueda Kia. The original position of Jin Jian is the minister of Kia Motors Planning, Korea. . In addition, at the Korean headquarters, TanTao-Hung will succeed Cui Chengqi in charge of Hyundai Motor Group's China regional business. Jin Tairun and Sunan Yong will retired as advisors. The relevant leaders of Beijing Hyundai and Dongfeng Yueda Kia confirmed the personnel changes to the Economic Observer, and revealed that the new general manager will be in office next Monday. The above-mentioned person in charge of Beijing Hyundai also said that this is part of Hyundai Motor's strategic adjustment to the Chinese market, which involves production, product, price and after-sales. As for the personnel changes, he said that the notice has been issued to the company for a period of time. As this personnel adjustment occurred in the context of Hyundai Motor's sales in China for several months, this move is considered to be an emergency response to the Chinese market by Hyundai-Kia Motors headquarters. According to the latest sales data, in July of this year, Hyundai and Kia’s sales in China plummeted by 32% and 33% respectively. From January to July, Beijing Hyundai sold 564,000 vehicles, down 10.9% year-on-year; Dongfeng Yueda Kia's cumulative sales volume was 332,200, down 6.6% year-on-year. Hyundai Motor Group is currently the fifth largest car company in the world, while China is its largest single market. In response to the market downturn, Beijing Hyundai and Dongfeng Yueda Kia started a sharp price cut in early August, including Beijing Hyundai's new Shengda and ix35 two SUVs with a maximum price reduction of 30,000 yuan, and Dongfeng Yueda Kia's two main SUV models - - Lions run and Zhirun also carried out price reductions of up to 50,000 yuan and 20,000 yuan respectively, and the price reduction was as high as 30%. Soybean Conveying Welded Bending Plate Chain Soybean Conveying Welded Bending Plate Chain,Export Transmission Chain,Industrial Alloy Steel Roller Chain,Double Plus Conveyor Chain Changzhou Donghu Chain Transmission Technology Co., Ltd. , https://www.dhuweldingchain.com