The additional investment was to meet Hyundai’s earlier stated goals to produce 600,000 units annually in China by 2007, an executive at Beijing Hyundai Auto Co reportedly was quoted by the newspaper as saying.
According to the news agency, the newspaper said the 50-50 joint venture between Hyundai and its Chinese partner, Beijing Automotive Industry Holdings, would start building the second plant around year end.
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Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Continental has secured the Window Displays Innovation Awardin the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.
