FILE PHOTO: Hyundai cars are seen at a plant of Hyundai Motor Co on the outskirts of Beijing, China January 25, 2019. REUTERS/Jason Lee/File Photo
SEOUL (Reuters) – Hyundai Motor Co’s is considering cutting capacity at its Chinese factories, the automaker’s Chief Executive Lee Won-hee said, according to two people with direct knowledge of the matter.
Lee made the comments at a meeting with analysts and investors on Wednesday, the people who attended the event told Reuters.
A Hyundai Motor spokesperson did not have an immediate comment.
Reporting by Hyunjoo Jin and Heekyong Yang; Editing by Muralikumar Anantharaman