| Type | Joint Stock Company |
|---|---|
| Industry | car dealership & automotive industry |
| Founded | 1990 |
| Headquarters | İzmit, Republic of Turkey |
| Area served | CY, EU, KKTC/TRNC, TR |
| Products | automobiles & motor vehicles |
| Owner(s) | Hyundai Motor (ROK) Kibar Holding (TR) |
| Website | hyundai.com.tr |
The Hyundai Assan Otomotiv San ve Tic. A.Ş. is a joint venture between the South Korean Hyundai Motor Company and Turkey's Kibar Holding. Starting initially as an importer in 1990, a decision was taken on 25 September 1995 to open an assembly plant in İzmit. The opening ceremony of the plant was held on 20 September 1997.
A total investment of 180,000,000 US$ was needed to construct the assembly plant, covering 108,000 m² of the 233,000 m² premises. Annual production capacity is 125,000 units, and the company is currently the fifth largest automaker in Turkey. In a customer satisfaction survey, Hyundai Assan climbed to first place with a network of 50 dealers and 90 authorized garages.
As a result of unexpectedly high demand, Hyundai Assan invested in a second assembly plant, partnering with Anadolu Isuzu Automotive Industry & Trading A.Ş., located in Kozyatağı. The plant is used by both companies for CKD assembling. Officially, this is not a joint venture, nor is there an official owner.
A vehicle's plant of assembly can be identified through the vehicle identification number. The İzmit Assembly Plant's identification code is "NLJ", whilst the Kozyatağı Assembly Plant's identification code is "NLH".
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