December 30, 2014

Beijing Hyundai Motor Company to build fourth, fifth plants in China

Beijing Hyundai Motor Company (BHMC), a 50-50 joint-venture between Hyundai Motor Company and Beijing Automotive Industry Holding Co., said it would begin building its fourth and fifth plants in China next year.

BHMC will build its fourth plant in Cangzhou, Hebei
province, and its fifth plant in Chongqing, with an annual production capacity of 300,000 units per plant. With the completion of the two plants by 2018, BHMC will have the capability to produce up to 1.65-million cars per year in China.

BHMC plans to open the fourth plant with an initial annual capacity of 200,000 units in the second half of 2016, and later add capacity to reach the expected 300,000 units per year. The plant in Hebei will be built on a 2.095-million sq m site with a floor space of 221,000 sq m, featuring vehicle production facilities such as stamping, welding, painting, assembly and module lines.

Construction of its fifth plant in Chongqing will begin in the third quarter of 2015 and once completed, it will also have an annual capacity of 300,000 units. Built on a 2-million sq m site, the plant will have 274,000 sq m of floor space, featuring complete vehicle and engine production facilities. Small and mid-size models specifically designed for the Chinese market will be rolled out from the plant, starting from the first half of 2017.


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