Beijing Hyundai Motor
Encyclopedia
An equally owned joint venture
and subsidiary of Beijing Automotive Industry Holding Co Ltd and Hyundai Motor Company
, Beijing Hyundai Motor Company (BHMC) was established in 2002 and manufactures in Shunyi District
, a satellite city of Beijing. Its Hyundai-branded automobiles are sold on the Chinese market. These vehicles may differ significantly from those sold elsewhere under the same names.
2010 saw the company sell 700,000 vehicles. Were it not a subsidiary these sales figures would have placed it as the sixth or seventh most-productive Chinese automaker. It did make the third most-purchased model in 2010 in China, the Elantra.
, a satellite city of Beijing
. Two of these produce automobiles and the other, engines.
Its first automobile production base was completed in 2003 and the second in April 2008. 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.
Joint venture
A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
and subsidiary of Beijing Automotive Industry Holding Co Ltd and Hyundai Motor Company
Hyundai Motor Company
Hyundai Motor Company is a Korean multinational automaker based in Seoul, South Korea which, along with Kia, comprises the Hyundai Kia Automotive Group, the world's fourth largest automaker as of 2009. As of 2011, it is the world's fastest growing automaker for two years running...
, Beijing Hyundai Motor Company (BHMC) was established in 2002 and manufactures in Shunyi District
Shunyi District
Shunyi District is an administrative district of Beijing, located outside of the city proper.-Overview:...
, a satellite city of Beijing. Its Hyundai-branded automobiles are sold on the Chinese market. These vehicles may differ significantly from those sold elsewhere under the same names.
2010 saw the company sell 700,000 vehicles. Were it not a subsidiary these sales figures would have placed it as the sixth or seventh most-productive Chinese automaker. It did make the third most-purchased model in 2010 in China, the Elantra.
History
The company may initially have imported components rather than relying on local suppliers.China specific models
At least three Hyundai models are solely sold on the Chinese market. The BT01, indigenously designed; Lingxiang , an interior-and-feature localized Sonata NF; and Yuedong, a localized version of the Elantra. All are tailored to Chinese tastes.Production bases and facilities
As of 2009, the company has at least three production bases as well as an R&D center, all of which are probably in the Linhe Industrial Development Zone of the Shunyi DistrictShunyi District
Shunyi District is an administrative district of Beijing, located outside of the city proper.-Overview:...
, a satellite city of Beijing
Beijing
Beijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's...
. Two of these produce automobiles and the other, engines.
Its first automobile production base was completed in 2003 and the second in April 2008. 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.