Beijing Hyundai’s Li Fenggang Stresses China-Centric R&D and Automotive “First Principles” at 2026 China Auto Forum

On July 22, at the 2026 China Automotive Forum, Li Fenggang, General Manager of Beijing Hyundai Motor Company, delivered a keynote speech. He noted that international brands have faced challenges in the internal combustion engine vehicle market over the past five years and emphasized that Beijing Hyundai will focus on localized R&D in China, adhering to the "first principle" of automobiles—centering on product essence and user needs—to enhance product strength and competitiveness.