It doesn’t matter now.

Before South Korea’s Hyundai entered China, Hyundai’s automobile trademark was owned by the boss of Hyundai United. The previous ownership transfer was in exchange for the sales rights of Hyundai Motor in Zhejiang.

In March 2003, the group signed a "Hyundai Motor" trademark transfer (cooperation) agreement with the international automobile giant South Korea's Hyundai Group. The economic benefits amounted to tens of millions of yuan, setting a precedent for Sino-foreign trademark cooperation. .