Hyundai Motor plans to invest about $US700 million to build a second plant in China by 2007, Reuters said, citing the Maeil Business Newspaper.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


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.

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now