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

Article by Christian Andrei, 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

Login or Create new account to add a comment!

Recommended

BMW’s 550i xDrive has long been considered as one of the most successful business sedans in the world. For the brand, this may not be enough as it has officially...
by - January 20, 2017
Amazon is now moving beyond the four corners of online retailing. Only recently, the retail giant has been awarded a patent for its Road Network system. Since the patented technology...
by - January 20, 2017
The newest version of the Lamborghini Huracan is not a Superleggera, but a Performante. When Lamborghini filed for a patent for a new name, there were still debates whether this...
by - January 20, 2017
What is hotter and more menacing than a Hellcat? If we ask Dodge, its answer would be the “Demon.” Of course, we aren’t talking about a demon with horns and...
by - January 20, 2017
The 2018 model year could be an exciting year for fans and enthusiasts of the Chevrolet Corvette. This comes as the 2018 version of the Corvette is bound to feature...
by - January 19, 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