China –The completion of the new factories in Cangzhou and Chongqing by 2018 will raise to 1.65m the total annual capacity of Beijing Hyundai Motor Company (BHMC), the 50:50 joint venture between Hyundai and Beijing Automotive Industry Holding. Construction work will begin next year.
The fourth plant, in Cangzhou, is due to open in the second half of 2016 with an annual capacity of 200,000 units, later increasing to 300,000. The 221,000 sq.m factory will sit on 2.095m sq.m of land and will include production facilities such as stamping, welding, painting, assembly and module lines.
Construction of the Chongqing plant will begin in the third quarter of 2015 and the annual capacity will be 300,000 units once completed. Located on a 2m sq.m site, the factory will have 274,000 sq.m of floorspace and accommodate complete vehicle and engine production facilities. Chongqing will produce small and mid-size models designed for the Chinese market, beginning in the first half of 2017.
BHMC opened its first plant in China shortly after its establishment in 2002. A second factory was added in 2008, doubling the annual capacity of the company to 600,000 units. A third plant launched in 2012 lifted total capacity over 1m.