There will be a new Beijing Hyundai factory each for North and South China and the capacity will increase by 60% in 2016
Gasgoo.com ĘC According to the announcement of Beijing Hyundai on Dec. 30th 2014, Beijing Hyundai had signed enterprise entering contracts with Cangzhou and Chongqing governments. The factories there will begin construction in 2015 and put into production in second half of 2015.
The capacity of those 2 factories will be 300,000. The new factories solve the capacity problem of Beijing Hyundai but under the background of 7% growth of Chinese auto market, excess production capacity problems appears. The brand construction might be the best method for this.
According to related data, the sales of Beijing Hyundai in 2014 is over 1.12 million, increasing by 8.67% which is higher than average growth of China auto market. Cause the capacity of Beijing Hyundai was only 1 million for 3 Beijing Hyundai factories, the expansion is necessary in 2014.
2 new factories in Cangzhou and Chongqing will help Beijing Hyundai to ensure 4th position on the list of passenger cars sales in China. The capacity will be 1.6 million after the production of 2 new factories which are both important for Beijing Hyundai.
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