Deepal Buys Hyundai’s $1.4B Factory for $228M – Chinese Brands Takeover Legacy Factories
Deepal has snapped up Hyundai’s $1.4 billion factory for just $228 million, marking one of the most aggressive Chinese takeovers of a legacy automaker’s assets. The deal highlights how Chinese EV brands are expanding globally while established companies retreat and restructure. A new phase of industry power shift is accelerating.
Credit to : The Electric Viking