What type of car is Beijing Hyundai?
1 Answers
Beijing Hyundai Motor Co., Ltd. was established in 2002 as a joint venture between Beijing Automotive Investment Co., Ltd. and Hyundai Motor Company of South Korea, with each party holding a 50% stake. The joint venture has a term of 30 years and is classified as a Korean car brand. Below are specific details about Beijing Hyundai: 1. Introduction: Beijing Hyundai Motor Co., Ltd. was established on October 18, 2002, with a 50-50 partnership between China and South Korea and a 30-year joint venture term. It operates three vehicle production plants, three engine production plants, and one technical center, with an annual production capacity of 1.05 million vehicles. 2. Models: Beijing Hyundai currently offers 14 models, including the all-new Tucson, Mistra, ix25, Elantra, and Verna, covering mainstream segments such as A0-class, A-class, B-class, and SUVs. The cumulative production and sales have exceeded 7 million units, creating employment for approximately 200,000 people. It has become the largest single manufacturing enterprise in Beijing, contributing significantly to the development of Beijing's automotive industry and the overall economic growth of the city, standing out as a highlight in Beijing's and even the nation's economic progress.