Hyundai started building its third plant in China, to meet the demand

Article by Christian A., on November 30, 2010

In a bid to increase output in China to 400,000 units by 2012, Hyundai Motor Co. has started building a third plant with its Chinese partner. Beijing Hyundai is a tie-up between Chinese state auto group Beijing Automotive Industry Holding Co. (BAIC) and Hyundai.

The plant is located on the outskirts of Beijing. Beijing Hyundai Chairman Xu Heyi says the alliance is expected to sell about 700,000 cars in China in 2010, up by about 23 percent.

At the third plant site, Xu told company executive and government dignitaries that, when the plant is operational, Beijing Hyundai will hasten the introduction of Hyundai's medium-to-high end models.

In China, Beijing Hyundai sold 59,287 cars in October, up 23 percent year on year. China is one of Hyundai's fastest growing markets. Meanwhile, Toyota Motor Corp. sold 61,600 units in China, down 6 percent during the period and China sales from Honda Motor Co. climbed 4.7 percent to 53,050 units.

Toyota and Honda also have partners in China. To help maintain its momentum, Beijing Hyundai will introduce a new Sonata car in 2011, according to company vice president Hsiu-Fu Wang. Beijing Hyundai also builds the i30, Accent, ix35, Tucson and Verna models.

Topics: hyundai, china, factory

If you liked the article, share on:

Comments

Recommended

Imagine a sports car morphing into an SUV. Chevrolet initially revealed the FNR Concept at the previous Shanghai Auto Show in 2015. For this year, Chevy once again graces the...
by - April 22, 2017
From the moment FCA kicked off with its 3-month-long ad campaign until the day it unveiled the new Dodge Challenger SRT Demon, folks have been guessing what the exact figures...
by - April 22, 2017
Some people may think Audi Sport is a new company but it is in fact the motorsport division of Audi combined with the best of what Quattro GmbH can offer....
by - April 21, 2017
It is not a big secret that premium customers in China have a strong penchant for luxury cars with a spacious interior. In particular, premium customers in China purchase luxury...
by - April 21, 2017
Chinese automaker Chery did not leave a good impression last time they were in Australia - due to its cheap design. But this year, Chery showcases its new Tiggo Sport...
by - April 21, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries