Hyundai to build two new manufacturing plants in China

Korean auto giant Hyundai opened its first manufacturing plant in China back in 2002. It added a second factory in 2008, doubling its annual production capacity to 600,000 units. In 2012, with the addition of the third plant, the total annual production capacity reached more than 1 million units per year. 

Hyundai has now announced that it would set up its fourth and fifth plants in China next year to respond to surging demands in the world’s largest automobile market. The new facilities are expected to further reinforce the company’s presence in the Chinese market.

The automaker will build its fourth plant in Cangzhou, Hebei province, and its fifth plant in Chongqing, with an annual production capacity of 300,000 units per plant. With the completion of the two plants by 2018, Hyundai will have the capability to produce up to 1.65 million cars per year in China.