Beijing Hyundai Explained

Beijing Hyundai Motor Co., Ltd.
Type:Joint venture
Foundation:18 October 2002
Location City:Shunyi, Beijing
Location Country:China
Area Served:China
Industry:Automotive
Products:Automobiles
Owner:BAIC Motor (50%)
Num Employees:15,000[1]
Module:
Child:yes
T:北京現代汽車有限公司
S:北京现代汽车有限公司
P:Běijīng Xiàndài Qìchē Yǒuxiàn Gōngsī
Also Known As:Beijing Hyundai
T2:北京現代
S2:北京现代
P2:Běijīng Xiàndài
W2:Pei3-ching1 Hsien4-tai4
Mi2:pronounced as /pèɪ̯tɕíŋ ɕi̯ɛ̌ntǎɪ̯/
J2:Bak1 ging1 jin6 doi6
Y2:Bākgīng Yihndoih
Skhangul:북경현대
Skhanja:北京現代
Skrr:Bukkyeong Hyeondae
Skmr:Pukkyŏng Hyŏndae
Order:st

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.

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

History

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]

On September 28, 2017, J.D. Power, a global authoritative market research organization, released the 2017 China Initial Quality Study (IQS) report, and Beijing Hyundai won the quality championship.

According to statistics from the China Association of Automobile Manufacturers, Beijing Hyundai's sedan sales in 2005 were 224,700 units, ranking fourth in the country. As of March 2019, Beijing Hyundai Motor has three vehicle production plants in Beijing, with an annual production capacity of 1.05 million vehicles.

Products

At least four Hyundai models have been solely sold on the Chinese market. These are: BT01, indigenously designed; Lingxiang, 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

Shouwang brand

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 facilities

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. At least one of these facilities is 17 km from Shunyi Yangzhen.[17]

A new site outside Beijing was inaugurated in 2016, and this Hebei location was producing a small city car, the Accent, as of 2017.[18]

In 2017, Beijing Hyundai opened its Chongqing plant, Which produces the Reina subcompact sedan until 2021.[19]

See also

External links

Notes and References

  1. News: Brief Introduction. https://web.archive.org/web/20090522004955/http://www.beijing-hyundai.com.cn/bjhyundai/index.aspx. dead. 2009-05-22. 2015-03-21. Beijing Hyundai Motor. zh.
  2. For ownership and company information, see BEIJING HYUNDAI OPENS NEW PLANT, ADDS NEW MODEL Hyundai Official Site, 2008-04-11
  3. News: China widens its lead as the world's No. 1 car market . Nikkei Asian Review . January 19, 2017 . 2012-02-02 . Yu Nakamura and Shunsuke Tabeta . dead . https://web.archive.org/web/20170119212802/http://asia.nikkei.com/magazine/20170119/Business/China-widens-its-lead-as-the-world-s-No.-1-car-market . 2017-01-19.
  4. Book: Oh, Je-Wheon . Tetsuo . Abō . Competing Chinese and Foreign Firms in Swelling Chinese Economy: Competition Strategies for Japanese, Western and Asian Firms . 2010 . LIT Verlag Münster . Manufacturing Capability and Competitive Strategies of Beijing Hyundai in China . Global Cultural and Economic Research . 5 . 978-3-8258-1740-4 . 153–156 .
  5. Web site: Beijing Hyundai Co., Ltd. . Chinacsrmap.org . August 28, 2013 . dead . https://web.archive.org/web/20160304025629/http://www.chinacsrmap.org/Org_Show_EN.asp?ID=938 . March 4, 2016 .
  6. Book: Thun, Eric . Changing Lanes in China: Foreign Direct Investment, Local Governments, and Auto Sector Development . limited . 2006 . . Global Integration and the Challenge of Upgrading . 978-0-521-84382-9 . 238–239 .
  7. https://books.google.com/books?id=xROGXhniV8UC&dq=Beijing+Hyundai&pg=PA263 Doing Business in Beijing
  8. Web site: http://www.global-autonews.com/board/view.php3?idx=9182&table=bd_chae_war&gubun=1 . ko:북경현대 제 2공장 탐방 노트- '현대 스피드' 용어의 산실 . Beijing Hyundai 2nd plant visit notes - birthplace of the term "Hyundai Speed" . Global-autonews.com . ko . December 24, 2012 . August 28, 2013 . dead . https://web.archive.org/web/20130926045023/http://www.global-autonews.com/board/view.php3?idx=9182&table=bd_chae_war&gubun=1 . September 26, 2013 .
  9. Web site: Hyundai Motor reveals goals for sales in China . JoongAng Ilbo . Korean JoongAng Daily . Jan 17, 2013 . 21 September 2013.
  10. For the BT01, see HYUNDAI REVEALS THREE NEW MODELS AT SHANGHAI AUTO SHOW Hyundai Official Site, 2009-04-20
  11. Web site: Hyundai Motor Unveils China-Exclusive Elantra at the 2012 Beijing Motor Show . Hyundai Motor Company . 2012-04-23 . January 16, 2013.
  12. News: Hyundai to launch new sub brand in November . Chinacartimes . October 12, 2011 . 2012-02-02 . dead . https://web.archive.org/web/20120116153933/http://www.chinacartimes.com/2011/10/12/hyundai-to-launch-new-sub-brand-in-november/ . 2012-01-16 .
  13. News: Short Torque. China Daily. 2011-11-28.
  14. For 2011 appearance, see Web site: Beijing-Hyundai Shouwang BHCD-1 at the Guangzhou Auto Show . carnewschina.com . November 20, 2011 . January 16, 2013 . de Feyter, Tycho .
    • For 2012 appearance, see Web site: Hyundai Shouwang BHCD-1 concept . CBS Interactive Inc . cnet . April 24, 2012 . January 16, 2013 . https://web.archive.org/web/20120908035140/http://reviews.cnet.com/2300-10863_7-10012081-29.html#2300-10863_7-10012081-29.html?&_suid=135837794541605728676662688213 . September 8, 2012 . dead .
  15. http://www.bjshy.gov.cn/Item/21911.aspx Industrial tourism to Beijing Hyundai Auto Co. Ltd
  16. For first production base, see Beijing Auto Manufacturing Base Press Release, Information Center of Shunyi District Government, 2009-4-10
  17. http://english.bhap.com.cn/Industrial-base/Park-Overview/ Part Overview
  18. Web site: Hyundai suspends China plant for a week amid diplomatic stand-off . Jin . Hyunwoo . 27 March 2017 . reuters.com . Thomson Reuters.
  19. News: Hyundai Motor rolls out All New Reina from new Chinese factory Amid woes in China . Lee . Seung-hoon . . 2017-09-20 . 2019-01-30.

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