Is Hyundai Tandis Automatic Transmission (Shandong) Co., Ltd. a state-owned enterprise?

Private enterprises. Hyundai Tandis Automatic Transmission Shandong Co., Ltd. is a wholly-owned subsidiary of Hyundai Motor Group. It is not a state-owned enterprise, but a private enterprise controlled by foreign capital. Founded in 2002, Hyundai Tandis Automatic Transmission Shandong Co., Ltd. is mainly engaged in the research, development, production and sales of automobile transmissions and their parts. Headquartered in South Korea, the company has a production base and sales network in Qingdao, Shandong Province, China.