Hyundai Motor plans to sell two more plants in China after selling on in 2021, including one that it shut down last year and another that it plans to close this year, said CEO Jaehoon Chang.
The remaining two plants will be further rationalised and used for exports to emerging markets, he said.
Its product line-up in China will be reduced to eight from 13, focusing on high-end and SUV models including the Genesis luxury brand.
Chang said that China had been very profitable up until 2016 but was now the biggest risk as the automaker had lost share to domestic rivals.