Construction on Hyundai’s third China plant begins, goals of one million car production set

---

Beijing-Hyundai laid the foundation stone for its third car factory in China in Beijing Shunyi district yesterday. Leaders from Beijing city government were in attendance, showing Hyundai’s importance in the local community, and also high level leaders from Hyundai were present.

The new factory will have a combined production capacity of 400,000 new cars and 400,000 new engines per year and will bring Hyundai’s production capacity to one million cars per year in China alone. Mr Xu Heyi, the board chairman of both Beijing Hyundai and Beijing Auto Group gave a rousing speech in which he claimed that Hyundai will rise to the top of Chinese built cars and quickly establish itself as a top tier manufacturer in China.

Beijing Hyundai’s rapid growth in the past few years as largely been thanks to its succesfull small car and SUV line up, the third factory will no doubt go further to satisfy the demand for Hyundai vehicles. The third factory will be the most advanced in Hyundai’s factory and the largest overseas factory outside of South Korea. The new plant will be fully online by 2012.