Beijing Hyundai Motor Co., Ltd. is an automobile manufacturing company headquartered in Beijing, China, and is a 50:50 joint-venture between Beijing Automotive Group and Hyundai Motor Company. Established in 2002, it manufactures in Shunyi District, a satellite city of Beijing,[1] producing Hyundai-branded automobiles for the Chinese market.
2010 saw the company sell 700,000 vehicles.[2] Were it not a subsidiary such sales figures would have placed it as the sixth or seventh most-productive Chinese automaker. It did make the third most-purchased model in 2010 in China, the Elantra.[3]
History
In May 2002, Hyundai Motor and the Beijing Automotive Group signed a memorandum of understanding with the aim of creating a joint venture based around an existing Beijing factory. Hyundai begun to improve the plant's installations,[4] and on 18 October 2002 an equally owned joint venture between the two companies was established. While it was not the first arrangement between a foreign and a domestic automaker, Beijing Hyundai was the first to be approved by the Chinese government after its entry into the World Trade Organisation.[5] Beijing Hyundai initially expanded its production output through importation of key parts from South Korea and the creation of an integrated, Korean-owned supply network inside China.[6][7] As of 2012, average per year production since 2003 stands at roughly 370,000 vehicles,[8] but yearly output has grown over the lifetime of the project.[2]
Products
At least four Hyundai models have been solely sold on the Chinese market. These comprise: BT01, indigenously designed; Lingxiang (Chinese: 领翔), an interior-and-feature localized Sonata NF; Elantra Yuedong, a localized version of the Elantra; Verna, a city car;[9] All are tailored to Chinese tastes. The 5th generation Elantra is sold in China as the Langdong,[10] but little localization is likely to have occurred.
| Hyundai Elantra XD facelift front (only in China) |
| Hyundai Elantra XD facelift rear (only in China) |
| Hyundai Elantra Yuedong front (only in China) |
| Hyundai Elantra Yuedong rear (only in China) |
| Hyundai Elantra Langdong front (only in China) |
| Hyundai Elantra Langdong rear (only in China) |
| Hyundai Moinca - facelifted 4th-gen Sonata (only in China) |
| Hyundai Sonata NFC (only in China) |
|
Shouwang brand
Cheaper[11] products may be sold under a new, China-only brand name, Shouwang.[12] A concept vehicle was shown at car shows in China in 2011 and 2012, but the brand does not appear to have been launched, however.[13]
Production bases and facilities
As of 2013, the company has at least three production bases[10] as well as an R&D center, all of which are probably in the Linhe Industrial Development Zone of the Shunyi District, a satellite city of Beijing.[14] Two of these produce automobiles and the other, engines.[14]
Its first automobile production base was completed in 2003 and the second in April 2008.[15] Construction on a third Beijing base begun in late 2010 should be complete in the second half of 2012.[16] At least one of these facilities is 17 km from Shunyi Yangzhen.[17]
External links
References
- ↑ For ownership and company information, see BEIJING HYUNDAI OPENS NEW PLANT, ADDS NEW MODEL Hyundai Official Site, 2008-04-11
- ↑ 2.0 2.1 "Hyundai Motor reveals goals for sales in China". Korean JoongAng Daily. JoongAng Ilbo. Jan 17,2013. Retrieved 21 September 2013.
- ↑ Top 10 Best-Selling Sedans and SUVs in 2010 chinaautoweb.com, January 14, 2011
- ↑ Oh, Je-Wheon (2010). "Manufacturing Capability and Competitive Strategies of Beijing Hyundai in China". In Abō, Tetsuo. Competing Chinese and Foreign Firms in Swelling Chinese Economy: Competition Strategies for Japanese, Western and Asian Firms. Global Cultural and Economic Research 5. LIT Verlag Münster. pp. 153–156. ISBN 978-3-8258-1740-4.
- ↑ "Beijing Hyundai Co. , Ltd.". Chinacsrmap.org. Retrieved August 28, 2013.
- ↑ Thun, Eric (2006). "Global Integration and the Challenge of Upgrading". Changing Lanes in China: Foreign Direct Investment, Local Governments, and Auto Sector Development. Cambridge University Press. pp. 238–239. ISBN 978-0-521-84382-9.
- ↑ Doing Business in Beijing By China Knowledge Press Pte Ltd, Page 263 (2nd Ed., "2004 Edition"- 2005)
- ↑ "북경현대 제 2공장 탐방 노트- '현대 스피드' 용어의 산실" [Beijing Hyundai 2nd plant visit notes - birthplace of the term "Hyundai Speed"] (in Korean). Global-autonews.com. December 24, 2012. Retrieved August 28, 2013.
- ↑ For the BT01, see HYUNDAI REVEALS THREE NEW MODELS AT SHANGHAI AUTO SHOW Hyundai Official Site, 2009-04-20
- For the Lingxiang see, Hyundai Motor World: Hyundai Motor Participates in Auto Guangzhou 2008; Ling Xiang (领翔), the NF Sonata model for China, is unveiled for the first time at Auto Guangzhou 2008 Hyundai Official Site, First Quarter 2009, Vol.17 No.62
- For the Yuedong, see BEIJING HYUNDAI OPENS NEW PLANT, ADDS NEW MODEL Hyundai Official Site, 2008-04-11
- For the Verna, see Hyundai Unveils All-New Verna at Beijing Show Hyundai Official Site, 2010-04-23
- ↑ 10.0 10.1 "Hyundai Motor Unveils China-Exclusive Elantra at the 2012 Beijing Motor Show". Hyundai Motor Company. 2012-04-23. Retrieved January 16, 2013.
- ↑ "Hyundai to launch new sub brand in November". Chinacartimes. OCTOBER 12, 2011. Retrieved 2012-02-02.
- ↑ "Short Torque". China Daily. 2011-11-28.
- ↑ For 2011 appearance, see de Feyter, Tycho (November 20, 2011). "Beijing-Hyundai Shouwang BHCD-1 at the Guangzhou Auto Show". carnewschina.com. Retrieved January 16, 2013.
- ↑ 14.0 14.1 Industrial tourism to Beijing Hyundai Auto Co. Ltd Press Release, Information Center of Shunyi District Government, 2009-4-12
- ↑ For first production base, see Beijing Auto Manufacturing Base Press Release, Information Center of Shunyi District Government, 2009-4-10
- ↑ "Short Torque: Hyundai's third facility", China Daily, 2010-12-06: 19
- ↑ Part Overview Beijing Hainachuan Automotive Parts Co., Ltd.
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