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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.

Beijing Hyundai Motor Co., Ltd.
Native name
北京现代汽车有限公司
joint venture
IndustryAutomotive
Founded18 October 2002
Headquarters,
Area served
China
ProductsAutomobiles
OwnerBAIC Motor (50%)
Hyundai Motor Company (50%)
Number of employees
15,000[1]
Websitewww.beijing-hyundai.com.cn
Beijing Hyundai
Simplified Chinese北京现代
Traditional Chinese北京現代
Literal meaningBeijing Hyundai
South Korean name
Hangul
북경현대
Hanja
北京現代

In 2016, the company was reported as selling nearly 1.8 million vehicles.[3]

Contents

HistoryEdit

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]

2014 saw the company sell 1,120,000 vehicles.[9]

ProductsEdit

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:

GalleryEdit

Shouwang brandEdit

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]

Production bases and facilitiesEdit

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]

ReferencesEdit

  1. ^ "Brief Introduction" (in Chinese). Beijing Hyundai Motor. Archived from the original on 2009-05-22. Retrieved 2015-03-21.
  2. ^ For ownership and company information, see BEIJING HYUNDAI OPENS NEW PLANT, ADDS NEW MODEL Hyundai Official Site, 2008-04-11
  3. ^ Yu Nakamura and Shunsuke Tabeta (January 19, 2017). "China widens its lead as the world's No. 1 car market". Nikkei Asian Review. Archived from the original on 2017-01-19. Retrieved 2012-02-02.
  4. ^ Oh, Je-Wheon (2010). "Manufacturing Capability and Competitive Strategies of Beijing Hyundai in China". In Abō, Tetsuo. Competing Chinese and Foreign Firms in Swelling Chinese Economy: Competition Strategies for Japanese, Western and Asian Firms. Global Cultural and Economic Research. 5. LIT Verlag Münster. pp. 153–156. ISBN 978-3-8258-1740-4.
  5. ^ "Beijing Hyundai Co. , Ltd". Chinacsrmap.org. Archived from the original on March 4, 2016. Retrieved August 28, 2013.
  6. ^ Thun, Eric (2006). "Global Integration and the Challenge of Upgrading". Changing Lanes in China: Foreign Direct Investment, Local Governments, and Auto Sector Development. Cambridge University Press. pp. 238–239. ISBN 978-0-521-84382-9.
  7. ^ Doing Business in Beijing By China Knowledge Press Pte Ltd, Page 263 (2nd Ed., "2004 Edition"- 2005)
  8. ^ 북경현대 제 2공장 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.
  9. ^ a b "Hyundai Motor reveals goals for sales in China". Korean JoongAng Daily. JoongAng Ilbo. Jan 17, 2013. Retrieved 21 September 2013.
  10. ^ For the BT01, see HYUNDAI REVEALS THREE NEW MODELS AT SHANGHAI AUTO SHOW Hyundai Official Site, 2009-04-20
  11. ^ a b "Hyundai Motor Unveils China-Exclusive Elantra at the 2012 Beijing Motor Show". Hyundai Motor Company. 2012-04-23. Retrieved January 16, 2013.
  12. ^ "Hyundai to launch new sub brand in November". Chinacartimes. October 12, 2011. Archived from the original on 2012-01-16. Retrieved 2012-02-02.
  13. ^ "Short Torque". China Daily. 2011-11-28.
  14. ^ For 2011 appearance, see de Feyter, Tycho (November 20, 2011). "Beijing-Hyundai Shouwang BHCD-1 at the Guangzhou Auto Show". carnewschina.com. Retrieved January 16, 2013.
  15. ^ a b Industrial tourism to Beijing Hyundai Auto Co. Ltd Press Release, Information Center of Shunyi District Government, 2009-4-12
  16. ^ For first production base, see Beijing Auto Manufacturing Base Press Release, Information Center of Shunyi District Government, 2009-4-10
  17. ^ "Short Torque: Hyundai's third facility", China Daily: 19, 2010-12-06
  18. ^ Part Overview Archived 2011-04-30 at the Wayback Machine. Beijing Hainachuan Automotive Parts Co., Ltd.
  19. ^ Jin, Hyunwoo (27 March 2017). "Hyundai suspends China plant for a week amid diplomatic stand-off". reuters.com. Thomson Reuters.

External linksEdit