Mexican Media Brands
Hyundai Set to Open Fifth Assembly Plant in China
Hyundai Motor Co. will launch production at its fifth Chinese assembly plant in August.
Share
Hyundai Motor Co. will launch production at its fifth Chinese assembly plant in August.
The new factory in Chongqing will be operated as a 50:50 joint venture with Beijing Automotive Group Co. The facility will have annual capacity to make 300,000 vehicles, thereby raising Hyundai’s overall production capacity in China to 1.65 million units.
The plant will build about 30,000 small cars this year, according to Hyundai. It says the complex will expand its lineup by adding two small sedans and two subcompact crossover vehicles by 2019. The factory’s output will be marketed exclusively in China.
The Chongqing facility is coming online as Hyundai struggles with a 37% drop in sales in China. The shrinkage has been caused by government disapproval of South Korea’s deployment of a U.S.-supplied anti-missile system.
The slump prompted Hyundai in March to idle all four of its factories for one week, apparently to trim dealer supplies of unsold cars.
RELATED CONTENT
-
GM Develops a New Electrical Platform
GM engineers create a better electrical architecture that can handle the ever-increasing needs of vehicle systems
-
On Automotive: An All Electric Edition
A look at electric vehicle-related developments, from new products to recycling old batteries.
-
on lots of electric trucks. . .Grand Highlander. . .atomically analyzing additive. . .geometric designs. . .Dodge Hornet. . .
EVs slowdown. . .Ram’s latest in electricity. . .the Grand Highlander is. . .additive at the atomic level. . .advanced—and retro—designs. . .the Dodge Hornet. . .Rimac in reverse. . .
