Yan Hanping and Wu Wei extended a warm welcome to Lee Hyukjoon and his team for their visit to Yancheng to deepen strategic cooperation. Yan Hanping noted that the automotive industry serves as the engine powering Yancheng’s economic and social development. Yueda Kia has pooled high-quality resources from China and the Republic of Korea and grown steadily through years of development. At present, Yancheng is unswervingly advancing high-quality development of the automotive industry and continuously deepening practical cooperation with South Korean-funded enterprises. It is hoped that building on the existing cooperation foundation and leveraging respective strengths, both sides will rely on platforms such as the China-ROK (Yancheng) Industrial Park, steadily expand automobile production capacity, jointly build a global export base, scale up research and development of intelligent and new energy vehicles, further extend the upstream and downstream automotive industrial chain, and strengthen cooperation in sectors including robotics and low-altitude economy to achieve mutual benefit and win-win results.

Lee Hyukjoon expressed gratitude to the Yancheng Municipal Party Committee and Municipal Government for the long-standing care and support extended to Hyundai Motor Group. He briefed the hosts on the Group’s latest development progress and business plans. He stated that China boasts the world’s most complete supply chain, featuring strong development resilience and vast market potential. The Group attaches great importance to cooperation with Yancheng. It will continue to optimize its business layout in the city, steadily raise its global export share, strengthen cooperation with local enterprises in Yancheng, and actively expand exchanges in intelligent driving, electrification and low-altitude economy, lifting bilateral cooperation to new heights.