Hyundai Motor Co. Ltd. Chairman and CEO Chung Mong-koo flew to Beijing Wednesday to officiate at the groundbreaking ceremony for Beijing Hyundai Motor Co. Ltd.’s new engine and vehicle assembly plant, which will have an annual capacity of 400,000 units. BHMC is a 50-50 joint venture between Korea’s top auto maker and Beijing Automotive Industry Corp. The new 3.2 million-sq.-ft. (300,000-sq.-m) facility will boost BHMC's annual vehicle production capacity to 1 million units when it ...
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