Hyundai Adds Up SUV Production in US, Profit Declines for China after Q1

Hyundai motor may double up SUV production in the United States and China, fell off the charts.

Hyundai which is an affiliate of Kia motors ranks number five in global sales which means their profit increase in the first quarter.

“We were not able to cope with the market demand because of SUV capacity constraints, which have impacted our earnings,” President Lee Won-hee said on a conference call.

Hyundai is “actively” considering boosting production capacity in the United States, as well as China, to keep up with market growth, Lee said.

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