Beijing Hyundai

Beijing Hyundai Motor Co., Ltd. is an automobile manufacturing company headquartered in Shunyi, Beijing, China, and a joint-venture between BAIC Motor and Hyundai Motor Company. Established in 2002, it manufactures in Shunyi District, a satellite city of Beijing,[2] producing Hyundai-branded automobiles for the Chinese market.

History

In May 2002, Hyundai Motor and the Beijing Automotive Group signed a memorandum of understanding with the aim of creating a joint venture based around an existing Beijing factory. Hyundai begun to improve the plant's installations,[3] and on 18 October 2002 an equally owned joint venture between the two companies was established. While it was not the first arrangement between a foreign and a domestic automaker, Beijing Hyundai was the first to be approved by the Chinese government after its entry into the World Trade Organization.[4] The joint venture initially expanded its production output through importation of key parts from South Korea and the creation of an integrated, Korean-owned supply network inside China.[5][6] Beijing Hyundai's sedan sales in 2005 were 224,700 units, ranking fourth in the country. By 2010, Beijing Hyundai sales reached 700,000, and Hyundai Motor Group became the number 2 carmaker in China behind Volkswagen.

2014 saw the company sell 1,120,000 vehicles,[7] and in 2016, Hyundai reached its peak, selling 1.14 million vehicles.[8]

Sales

Products

Production bases and facilities

As of 2013, the company has at least three production bases[25] as well as an R&D center, all of which are probably in the Linhe Industrial Development Zone of the Shunyi District, a satellite city of Beijing.[26] Two of these produce automobiles and the other, engines.[26]

Its first automobile production base was completed in 2003 and the second in April 2008.[27] Construction on a third Beijing base begun in late 2010 should be complete in the second half of 2012.[28] At least one of these facilities is 17 km from Shunyi Yangzhen.[29]

A new site outside Beijing was inaugurated in 2016, and this Hebei location was producing a small city car, the Accent, as of 2017.[30]

In 2017, Beijing Hyundai opened its Chongqing plant, which produces the Reina subcompact sedan until 2021.[31]

See also

• List of Hyundai Motor Company manufacturing facilities

External links

• Beijing Hyundai Motor Official Site
• Genesis Motor China Official Site
• Hyundai Motor China Import Official Site
• Picture of a Beijing Hyundai building