Makers of automobiles and smartphones have been hardest hit, with years of rapidly deteriorating sales in the mainland Chinese market. And major players are diversifying their supply chains to places such as India.
Hyundai, Kia recalls over 2 lakh vehicles; advises owners to park large SUVs outdoors and away from buildings after reporting 25 fire incidents in the US and Canada, reports PTI.
Korean cars sold in the Vietnamese market in 2021 stood at four times higher than the total consumption of the brand in five Southeast Asian countries, including Thailand, Indonesia, Malaysia, the Philippines, and Singapore, reported by Vnexpess.net.
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