On Apr. 3rd, the foundation stone laying ceremony of 4th factory of Beijing Hyundai was held in Cangzhou, Hebei Province. It is the 1st factory of Beijing Hyundai which is outside of Beijing. This is also substantial measure of Beijing Hyundai for achieving the integration of Beijing, Tianjin and Hebei. It is known the total investment of the factory in Cangzhou is 12 billion Yuan and there will be capacity of 300,000 more automobiles and 200,000 more engines. The factory is estimated to be put into production in 2016.
The chairman of Beijing Auto group, Mr. Xu, said each major strategy of Beijing would be related to national strategy, also considering traffic, logistics, infrastructure and development of auto industry.
On Mar. 18th, Beijing Auto group signed contract with Cangzhou government on production base and there would be capacity of 500,000 more cars and 300,000 more engines per year. The source of Beijing Hyundai on supporting facility, transportation and management has been integrated by the establishment of 4th factory of Beijing Hyundai.
There will be 2 models manufactured in Cangzhou factory in 2016, according to Mr. Liu, the executive vice president of Beijing Hyundai, which are economic A level saloon car and restyled SUV. The output and sales targets of 2 models will be 200,000 and 100,000.
Beijing Hyundai Auto Corp, established in Oct. 18th, 2002, now owns two finished automobile factories which are all in Shunyi, Beijing, three engine factories and one R&D center. The capacity of Beijing Hyundai per year will reach 1.35 million after the establishment of Cangzhou factory, which will be helpful for capacity issue.
Mr. Liu also said Cangzhou factory would use international latest auto equipments and technology to build green, qualitative and intelligent factory.
