Beijing Hyundai Motor Co., Ltd. is an automobile manufacturing company headquartered in Shunyi, Beijing, China, and a joint-venture between BAIC Motor and Hyundai Motor Company. Established in 2002, it manufactures in Shunyi District, a satellite city of Beijing,[2] producing Hyundai-branded automobiles for the Chinese market.
In 2016, the company was reported as selling nearly 1.8 million vehicles.[3]
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 Organization.[5] The joint venture 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 continued to grow over the lifetime of the project.[9]
At least four Hyundai models have been solely sold on the Chinese market. These are: BT01, indigenously designed; Lingxiang (Chinese: 领翔), an interior-and-feature localized Sonata NF; Elantra Yuedong, a localized version of the Elantra; and Verna, a city car.[10] All are tailored to Chinese tastes. The 5th generation Elantra is sold in China as the Langdong,[11] but little localization is likely to have occurred. Current products available exclusively in China includes
Cheaper[12] products may be sold under a new, China-only brand name, Shouwang.[13] A concept vehicle was shown at car shows in China in 2011 and 2012, but the brand does not appear to have been launched.[14]
As of 2013, the company has at least three production bases[11] 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.[15] Two of these produce automobiles and the other, engines.[15]
Its first automobile production base was completed in 2003 and the second in April 2008.[16] Construction on a third Beijing base begun in late 2010 should be complete in the second half of 2012.[17] At least one of these facilities is 17 km from Shunyi Yangzhen.[18]
A new site outside Beijing was inaugurated in 2016, and this Hebei location was producing a small city car, the Accent, as of 2017.[19]
In 2017, Beijing Hyundai opened its Chongqing plant, Which produces the Reina subcompact sedan until 2021.[20]
^Oh, Je-Wheon (2010). "Manufacturing Capability and Competitive Strategies of Beijing Hyundai in China". In Abō, Tetsuo (ed.). Competing Chinese and Foreign Firms in Swelling Chinese Economy: Competition Strategies for Japanese, Western and Asian Firms. Global Cultural and Economic Research. Vol. 5. LIT Verlag Münster. pp. 153–156. ISBN978-3-8258-1740-4.
^북경현대 제2공장 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. Archived from the original on September 26, 2013. Retrieved August 28, 2013.
For 2012 appearance, see "Hyundai Shouwang BHCD-1 concept". c|net. CBS Interactive Inc. April 24, 2012. Archived from the original on September 8, 2012. Retrieved January 16, 2013.
