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Hyundai Motor Company, South Korea’s largest automaker, held a groundbreaking ceremony on Feb. 25 for its seventh overseas plant, in Piracicaba, Sao Paulo state, to actively respond to soaring demand in one of the world’s fastest growing markets. Hyundai Motor Vice Chairman Jong-Woon Shin and Sao Paulo Governor Geraldo Alckmin shake hands in front of the commemorative cornerstone.

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