Hyundai is planning to open its third production facility in China this month in cooperation with its Chinese partner, Beijing Automotive Holding Corp.
According to a report by China Knowledge, this new plant will push annual sales in the country to one million units per year, once production is in full swing; scheduled for 2012.
Hyundai has already sold 437,000 vehicles in China this year and hopes to achieve 670,000 by the year’s end. With the third new plant, which is said to have a production capacity of 400,000 units per year, along with the two existing plants which have a combined capacity of 600,000 units, it shouldn’t be a problem for Hyundai to achieve such figures.
The new plant is situated in the Beijing River Industrial Development Zone in the Shunyi district.