Genesis launches "austerity" plan to reduce losses

Facing the problem of losses in the Chinese market, Genesis has started a series of "tightening the belt" plans, including closing the Genesis Homes in Chengdu and Beijing, but also plans to open new sales and after-sales service centers in cities such as Shenzhen and Nanning. In addition, in areas where "there are car owners but no service outlets yet", Genesis will rely on Beijing Hyundai or third-party partners to provide after-sales services.