|Type||Private joint venture|
|Founded||18 October 2002|
|Owner(s)||Beijing Automotive Group (50%)
Hyundai Motor Company (50%)
|Literal meaning||Beijing Hyundai|
|South Korean name|
Beijing Hyundai Motor Co., Ltd. is an automobile manufacturing company headquartered in Beijing, China, and is a 50:50 joint-venture between Beijing Automotive Group and Hyundai Motor Company. Established in 2002, it manufactures in Shunyi District, a satellite city of Beijing, producing Hyundai-branded automobiles for the Chinese market.
2010 saw the company sell 700,000 vehicles. Were it not a subsidiary such 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.
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, 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 Organisation. Beijing Hyundai 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. As of 2012, average per year production since 2003 stands at roughly 370,000 vehicles, but yearly output has grown over the lifetime of the project.
At least four Hyundai models have been solely sold on the Chinese market. These comprise: BT01, indigenously designed; Lingxiang (Chinese: 领翔), an interior-and-feature localized Sonata NF; Elantra Yuedong, a localized version of the Elantra; Verna, a city car; All are tailored to Chinese tastes. The 5th generation Elantra is sold in China as the Langdong, but little localization is likely to have occurred.
Cheaper products may be sold under a new, China-only brand name, Shouwang. A concept vehicle was shown at car shows in China in 2011 and 2012, but the brand does not appear to have been launched, however.
Production bases and facilities
As of 2013, 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 District, 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.
- For ownership and company information, see BEIJING HYUNDAI OPENS NEW PLANT, ADDS NEW MODEL Hyundai Official Site, 2008-04-11
- For year established and production base location, see "Industrial tourism to Beijing Hyundai Auto Co. Ltd". Information Center of Shunyi District Government. 2011-09-15. Retrieved 2012-05-26.
- "Hyundai Motor reveals goals for sales in China". Korean JoongAng Daily. JoongAng Ilbo. Jan 17,2013. Retrieved 21 September 2013.
- Top 10 Best-Selling Sedans and SUVs in 2010 chinaautoweb.com, January 14, 2011
- Oh, Je-Wheon (2010). "Manufacturing Capability and Competitive Strategies of Beijing Hyundai in China". In Abō, Tetsuo. Competing Chinese and Foreign Firms in Swelling Chinese Economy: Competition Strategies for Japanese, Western and Asian Firms. Global Cultural and Economic Research 5. LIT Verlag Münster. pp. 153–156. ISBN 978-3-8258-1740-4.
- "Beijing Hyundai Co. , Ltd.". Chinacsrmap.org. Retrieved August 28, 2013.
- 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.
- Doing Business in Beijing By China Knowledge Press Pte Ltd, Page 263 (2nd Ed., "2004 Edition"- 2005)
- "북경현대 제 2공장 탐방 노트- '현대 스피드' 용어의 산실" [Beijing Hyundai 2nd plant visit notes - birthplace of the term "Hyundai Speed"] (in Korean). Global-autonews.com. December 24, 2012. Retrieved August 28, 2013.
- For the BT01, see HYUNDAI REVEALS THREE NEW MODELS AT SHANGHAI AUTO SHOW Hyundai Official Site, 2009-04-20
- For the Lingxiang see, Hyundai Motor World: Hyundai Motor Participates in Auto Guangzhou 2008; Ling Xiang (领翔), the NF Sonata model for China, is unveiled for the first time at Auto Guangzhou 2008 Hyundai Official Site, First Quarter 2009, Vol.17 No.62
- For the Yuedong, see BEIJING HYUNDAI OPENS NEW PLANT, ADDS NEW MODEL Hyundai Official Site, 2008-04-11
- For the Verna, see Hyundai Unveils All-New Verna at Beijing Show Hyundai Official Site, 2010-04-23
- "Hyundai Motor Unveils China-Exclusive Elantra at the 2012 Beijing Motor Show". Hyundai Motor Company. 2012-04-23. Retrieved January 16, 2013.
- "Hyundai to launch new sub brand in November". Chinacartimes. OCTOBER 12, 2011. Retrieved 2012-02-02.
- "Short Torque". China Daily. 2011-11-28.
- 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.
- For 2012 appearance, see "Hyundai Shouwang BHCD-1 concept". c|net. CBS Interactive Inc. April 24, 2012. Retrieved January 16, 2013.
- Industrial tourism to Beijing Hyundai Auto Co. Ltd Press Release, Information Center of Shunyi District Government, 2009-4-12
- For first production base, see Beijing Auto Manufacturing Base Press Release, Information Center of Shunyi District Government, 2009-4-10
- For second production base, see BEIJING HYUNDAI OPENS NEW PLANT, ADDS NEW MODEL Hyundai Official Site, 2008-04-11
- "Short Torque: Hyundai's third facility", China Daily, 2010-12-06: 19
- Part Overview Beijing Hainachuan Automotive Parts Co., Ltd.