Hyundai Motor Group(HMG) is tudying for establishment of Engine plant in China in order to effectively respond to the fastest growing auto demand in china.
1. Type of plan : Establishment of Engine plant in China
2. Objective of plan : To respond to the fastest growing auto demand in China
3. Detailed Information :
- Expected plant site : Shandong in China
- Expected scale of plant : 400,000 units production
(We expect to produce passenger car engine in the mid-long term and this plan is subject to change according to environment of auto industry in China)
- Expected date of mass production : The end of 2008
- HMG is studying the business appropriateness to gain the ratification from the Chinese government related to estabilishment of engine plant in China; however, the details of plan have not confirmed yet.
4. Others :
