Hyundai to unveil its fourth production plant in China
At the presence of the Chairman, Chung Mong-Koo, the Hyundai Group inaugurated in Cangzhou, the north-east part of the country, its fourth production plant in China.
The factory, operated in joint venture with the well-established local partner BAIC, will have (from 2018) an annual capacity of around 300,000 units and it will create over 6,000 jobs, including induced.
On the occasion of the opening ceremony of the plant, the Group has unveiled the Yuena Verna, the first car to be produced at the new plant assembly shifts and defined strategic for the Chinese market (derived from the concept shown in preview at the Beijing Motor Show last April) .
Currently, Hyundai and Kia produce 2.4 million vehicles a year in the country of the Great Wall located in factories that operate in eight local cities.
After passing the threshold of 8 million units sold cumulatively in China in late 2015, the next milestone for Hyundai and Kia in the country is now very close and it is that of 10 million vehicles sold since 2002.