Beijing Hyundai Motor Co. Ltd. in October will break ground on its third vehicle factory in China. The facility will have an annual capacity of 400,000 units, which will increase the auto maker’s total production capability in China to 1 million vehicles by the end of 2012. BHMC is a 50-50 joint venture between Korea’s Hyundai Motor Co. Ltd. and Beijing Automotive Industry Corp. that was founded in 2002. The company currently operates two assembly plants, each with an annual capacity of ...
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