Beijing Hyundai’s third factory is expected to commence production in early 2012 as most construction has been completed, reported the National Business Daily.
The factory will produce 400,000 vehicles, enabling the joint venture to become the fourth with capacity to roll out over 1m vehicles annually.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The company is counting on the Sonata to boost sales in China. The model sold over 10,000 units in September.
“The new eighth generation Sonata will help develop the mid- to high-class brand sector [for Beijing Hyundai],” said general manager Li Feng.
Feng added the JV will release details of its new own brand later.
The JV has already started planning for a fourth plant.
