HYUNDAI MOTOR BREAKS GROUND ON FIFTH CHINESE PLANT IN CHONGQING
- New plant to have annual production capacity of 300,000 units
- Chongqing plant to manufacture new C-segment model and SUV model from 2017
June 23, 2015 - Hyundai Motor breaks ground on its fifth manufacturing plant today in the Liangjiang New Area of Chongqing, China.
Hyundai Motor’s Vice Chairman Euisun Chung, Communist Party Secretary of Chongqing Sun Zheng Cai, Korea’s Ambassador to China Jang-Soo Kim, the Mayor of Chongqing Huang Qifan, Beijing Automotive Group Chairman Xu Heyi and other 600 distinguished guests participated in the ground breaking event.
Vice Chairman Euisun Chung said, “I am very pleased to build Hyundai Motor’s fifth plant in Chongqing, the heart of mid-west China, where robust economic growth is taking place. We will utilize this plant as a means to establish a stronger market presence in western China, accelerating our plan to become a leading automaker in all regions of China.”
The new plant is a joint investment project of 1 billion USD between Hyundai Motor and Beijing Automotive Group. It will be a 293,000 square-meter facility, built on a 1.87 million square-meter site with annual production capacity of 300,000 vehicles. Hyundai Motor plans to produce new C-segment model strategically developed for Chinese consumers and SUV model in Chonqing plant. The production will start in 2017.
About Hyundai Motor
Established in 1967, Hyundai Motor Company is committed to becoming a lifetime partner in automobiles and beyond. The company, which leads the Hyundai Motor Group, an innovative business structure capable of circulating resources from molten iron to finished cars, offers top-quality best-sellers such as Elantra, Sonata and Genesis. Hyundai Motor has eight manufacturing bases and seven design & technical centers outside of South Korea and in 2014, sold 4.96 million vehicles globally. With almost 100,000 employees worldwide, Hyundai Motor continues to enhance its product line-up with localized models and strives to strengthen its leadership in clean technology, starting with the world’s first mass-produced hydrogen-powered vehicle, ix35 Fuel Cell.
More information about Hyundai Motor and its products can be found at:
http://worldwide.hyundai.com or http://www.hyundaiglobalnews.com
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