Hyundai to launch output at 5th China assembly plant in August
Beijing Hyundai Motor Co.'s fifth assembly plant is due to begin production in Chongqing in August, reported Internet Info Agency, a Beijing-based website.
The new factory will produce up to 300,000 vehicles a year, according to the website, which cited Hyundai Executive Vice President Liu Zhifeng.
The plant initially will build the redesigned Verna compact sedan and a new small crossover. Liu did not disclose additional details about the crossover.
Beijing Hyundai, a 50-50 partnership between Hyundai Motor Co. and BAIC Group Co., operates four assembly plants.
Three of the factories are based in Beijing, and the fourth is located in Cangzhou in north China's Hebei province. The four plants combined can build up to 1.35 million vehicles annually.
With a new plant coming on line, Beijing Hyundai aims to boost annual sales in China 10 percent to 1.25 million vehicles this year, Liu said.
In 2016, the company delivered 1.14 million vehicles, up 7.5 percent from a year earlier.
The plant initially will build the redesigned Verna compact sedan and a new small crossover. Liu did not disclose additional details about the crossover.
Beijing Hyundai, a 50-50 partnership between Hyundai Motor Co. and BAIC Group Co., operates four assembly plants.
Three of the factories are based in Beijing, and the fourth is located in Cangzhou in north China's Hebei province. The four plants combined can build up to 1.35 million vehicles annually.
With a new plant coming on line, Beijing Hyundai aims to boost annual sales in China 10 percent to 1.25 million vehicles this year, Liu said.
In 2016, the company delivered 1.14 million vehicles, up 7.5 percent from a year earlier.
