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Beijing Hyundai

From Wikipedia, the free encyclopedia
Chinese automobile manufacturing company
Beijing Hyundai Motor Co., Ltd.
Headquarters
Company typeJoint venture
IndustryAutomotive
Founded18 October 2002
Headquarters,
China
Area served
China
ProductsAutomobiles
OwnerBAIC Motor (50%)
Hyundai (50%)
Number of employees
15,000[1]
Chinese name
Simplified Chinese 北京现代汽车有限公司
Traditional Chinese 北京現代汽車有限公司
Transcriptions
Standard Mandarin
Hanyu Pinyin Běijīng Xiàndài Qìchē Yǒuxiàn Gōngsī
Beijing Hyundai
Simplified Chinese 北京现代
Traditional Chinese 北京現代
Transcriptions
Standard Mandarin
Hanyu Pinyin Běijīng Xiàndài
Wade–Giles Pei3-ching1 Hsien4-tai4
IPA [pèɪ̯tɕíŋɕi̯ɛ̌ntǎɪ̯]
Yue: Cantonese
Yale Romanization Bākgīng Yihndoih
Jyutping Bak1 ging1 jin6 doi6
South Korean name
Hangul 북경현대
Hanja 北京現代
Transcriptions
Revised Romanization Bukkyeong Hyeondae
McCune–Reischauer Pukkyŏng Hyŏndae
Websitewww.beijing-hyundai.com.cn
Beijing Hyundai Office building in Beijing

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

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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] Beijing Hyundai's sedan sales in 2005 were 224,700 units, ranking fourth in the country. By 2010, Beijing Hyundai sales reached 700,000, and Hyundai Motor Group became the number 2 carmaker in China behind Volkswagen.

2014 saw the company sell 1,120,000 vehicles,[8] and in 2016, Hyundai reached its peak, selling 1.14 million vehicles.[9]

Decline

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However, following various issues, including the rise of Chinese car companies, marketing problems,[9] and the 2016 THAAD controversy, in which South Korea allowed the US military to deploy THAAD missile systems despite warnings from the Chinese government,[10] Beijing Hyundai sales collapsed, dropping to just 248,839 by 2022 and 240,792 in 2023.[11]

After the collapse in sales, the company sold its first factory in Beijing in 2021 to Li Auto, and in 2024, it sold another factory in Chongqing for just 226ドル million, less than half its listing price.[9]

Products

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At least four Hyundai models have been solely sold on the Chinese market. These are: BT01, indigenously designed; Lingxiang (Chinese: 领翔), an interior-and-feature localized Sonata NF; Elantra Yuedong, a localized version of the Elantra; and Verna, a city car.[12] All are tailored to Chinese tastes. The 5th generation Elantra is sold in China as the Langdong,[13] but little localization is likely to have occurred. Current products available exclusively in China includes

Current production

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Former production

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Current imported

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Former imported

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Shouwang brand

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Cheaper[14] products may be sold under a new, China-only brand name, Shouwang.[15] A concept vehicle was shown at car shows in China in 2011 and 2012, but the brand does not appear to have been launched.[16]

Production bases and facilities

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As of 2013, the company has at least three production bases[13] 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.[17] Two of these produce automobiles and the other, engines.[17]

Its first automobile production base was completed in 2003 and the second in April 2008.[18] Construction on a third Beijing base begun in late 2010 should be complete in the second half of 2012.[19] At least one of these facilities is 17 km from Shunyi Yangzhen.[20]

A new site outside Beijing was inaugurated in 2016, and this Hebei location was producing a small city car, the Accent, as of 2017.[21]

In 2017, Beijing Hyundai opened its Chongqing plant, Which produces the Reina subcompact sedan until 2021.[22]

See also

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References

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  1. ^ "Brief Introduction" (in Chinese). Beijing Hyundai Motor. Archived from the original on 2009年05月22日. Retrieved 2015年03月21日.
  2. ^ For ownership and company information, see BEIJING HYUNDAI OPENS NEW PLANT, ADDS NEW MODEL Hyundai Official Site, 2008年04月11日
  3. ^ Yu Nakamura and Shunsuke Tabeta (January 19, 2017). "China widens its lead as the world's No. 1 car market". Nikkei Asian Review. Archived from the original on 2017年01月19日. Retrieved 2012年02月02日.
  4. ^ Oh, Je-Wheon (2010). "Manufacturing Capability and Competitive Strategies of Beijing Hyundai in China". In Abō, Tetsuo (ed.). Competing Chinese and Foreign Firms in Swelling Chinese Economy: Competition Strategies for Japanese, Western and Asian Firms. Global Cultural and Economic Research. Vol. 5. LIT Verlag Münster. pp. 153–156. ISBN 978-3-8258-1740-4.
  5. ^ "Beijing Hyundai Co., Ltd". Chinacsrmap.org. Archived from the original on March 4, 2016. Retrieved August 28, 2013.
  6. ^ Thun, Eric (2006). "Global Integration and the Challenge of Upgrading". Changing Lanes in China: Foreign Direct Investment, Local Governments, and Auto Sector Development . Cambridge University Press. pp. 238–239. ISBN 978-0-521-84382-9.
  7. ^ Doing Business in Beijing By China Knowledge Press Pte Ltd, Page 263 (2nd Ed., "2004 Edition"- 2005)
  8. ^ "Hyundai Motor reveals goals for sales in China". Korean JoongAng Daily. JoongAng Ilbo. Jan 17, 2013. Retrieved 21 September 2013.
  9. ^ a b c Jin, Qian (2024年01月17日). "Beijing Hyundai sold Chongqing factory for 226 million USD, less than half of its initial listing price". CarNewsChina.com. Retrieved 2024年09月15日.
  10. ^ "China military criticizes 'wrong' U.S. moves on Taiwan, South China Sea". Reuters . August 17, 2017.
  11. ^ "Hyundai. Car Sales in China". www.chinamobil.ru. Retrieved 2024年09月15日.
  12. ^ For the BT01, see HYUNDAI REVEALS THREE NEW MODELS AT SHANGHAI AUTO SHOW Hyundai Official Site, 2009年04月20日
  13. ^ a b "Hyundai Motor Unveils China-Exclusive Elantra at the 2012 Beijing Motor Show". Hyundai Motor Company. 2012年04月23日. Retrieved January 16, 2013.
  14. ^ "Hyundai to launch new sub brand in November". Chinacartimes. October 12, 2011. Archived from the original on 2012年01月16日. Retrieved 2012年02月02日.
  15. ^ "Short Torque". China Daily. 2011年11月28日.
  16. ^ For 2011 appearance, see de Feyter, Tycho (November 20, 2011). "Beijing-Hyundai Shouwang BHCD-1 at the Guangzhou Auto Show". carnewschina.com. Retrieved January 16, 2013.
  17. ^ a b Industrial tourism to Beijing Hyundai Auto Co. Ltd Press Release, Information Center of Shunyi District Government, 2009年4月12日
  18. ^ For first production base, see Beijing Auto Manufacturing Base Press Release, Information Center of Shunyi District Government, 2009年4月10日
  19. ^ "Short Torque: Hyundai's third facility", China Daily: 19, 2010年12月06日
  20. ^ Part Overview Archived 2011年04月30日 at the Wayback Machine Beijing Hainachuan Automotive Parts Co., Ltd.
  21. ^ Jin, Hyunwoo (27 March 2017). "Hyundai suspends China plant for a week amid diplomatic stand-off". reuters.com. Thomson Reuters.
  22. ^ Lee, Seung-hoon (2017年09月20日). "Hyundai Motor rolls out All New Reina from new Chinese factory Amid woes in China". Maeil Business Newspaper . Retrieved 2019年01月30日.
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