Hyundai Motor Breaks Ground On Fifth Chinese Plant In Chongqing
Hyundai Motor breaks ground on its fifth manufacturing plant today in the Liangjiang New Area of Chongqing, China. Hyundai Motor’s Vice Chairman Euisun Chung, Communist Party Secretary of Chongqing Sun Zheng Cai, Korea’s Ambassador to China Jang-Soo Kim, the Mayor of Chongqing Huang Qifan, Beijing Automotive Group Chairman Xu Heyi and other 600 distinguished guests participated in the ground breaking event.
Vice Chairman Euisun Chung said, “I am very pleased to build Hyundai Motor’s fifth plant in Chongqing, the heart of mid-west China, where robust economic growth is taking place. We will utilize this plant as a means to establish a stronger market presence in western China, accelerating our plan to become a leading automaker in all regions of China.”
The new plant is a joint investment project of 1 billion USD between Hyundai Motor and Beijing Automotive Group. It will be a 293,000 square-meter facility, built on a 1.87 million square-meter site with annual production capacity of 300,000 vehicles. Hyundai Motor plans to produce new C-segment model strategically developed for Chinese consumers and SUV model in Chonqing plant. The production will start in 2017.
About the Author
Daniel Sherman Fernandez www.dsf.my is a service to the public and other website owners. www.dsf.my is not responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on any information contained within the site www.dsf.my. While the information contained within the site is periodically updated, no guarantee is given that the information provided in this website is correct, complete, and up-to-date. www.dsf.my is not responsible for the accuracy or content of information contained inside.
Related Posts
smart #5 Concept Looks #Larger And More #Ridiculous Than Its Siblings →
Jetour Dashing SUV Will Be Launching Here Soon →
V8-Powered Porsche Cayenne GTS SUV & Coupé Models Added To Facelift Range →
