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Discussion Starter · #1 ·
Beijing Hyundai starts trial production of new Elantra.

December 11, 2007 - Beijing Hyundai started trial production of new Elantra at its second plant yesterday, Xinhua News Agency reported.

Elantra is Beijing Hyundai’s best-selling car model. But in the first ten months this year, the sales of Elantra declined to 94,410 units from 139,790 units in 2006, a decrease of 32.5 percent.

Troubled by the lack of new model this year, the company has suffered sluggish sales since the beginning of this year. The company hopes to achieve a turnaround next year by introducing new Elantra next year. The volume productions of new Elantra next year will double Beijng Hyundai’s capacity to 600,000 units.

At the beginning of this year, the company set up a half a million sales target for 2007, but sluggish sales in the first half year forced the company cut its sales target to 260,000.

Beijing Hyundai is a 50:50 joint venture founded in 2002 by Hyundai Motor Co and Beijing Automotive Holdings.

The company is currently facing the biggest challenge it has ever encountered since it entered into Chinese market 10 years ago. The company's sales, which had been soaring until 2006, have taken a sharp dive thereafter and market share has shrunk to 6.3 percent from 9.5 percent last year.
source: Gasgoo.com
 

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Discussion Starter · #2 ·
Beijing Hyundai to launch 3 new models in 2008.

January 24, 2008 –Three brand new or redesigned car models will be produced in its newly-finished second plant this year, the company announced yesterday.

New Elantra HDC, which was displayed at the Guangzhou Auto Show last November, will be the first model to be produced at the second plant and it will roll off assembly line in April, said Jin Fangxin, deputy general manager of Beijing Hyundai.

However, Hyundai will not halt the production of old version Elantra, Jin said. In addition, new Sonata Yuxiang will be produced in the second half of 2008 in the second plant and i30 will be produced by the end of 2008.

With the completion of a new $1billion second plant on the suburbs of Beijing, Hyundai's annual capacity in China will be doubled to 600,000 units. Volume production in the second plant is set to start in April or May this year.

Currently, Beijing Hyundai produces and sells five models: Sonata, Sonata Yuxiang, Elantra, Accent and Tucson.

In 2007, Beijing Hyundai sold 231,137 vehicles in Chinese market, which include 120,333 Elantra, 44,729 Tucson, 26,665 Accent, 25,528 Sonata and 799 Sonata Yuxiang vehicles.

The Korean automaker aims to sell 380,000 vehicles in Chinese market this year, about 60 percent increase from last year's 231,000 units.

The automaker said the completion of its second plant and the launch of new models in Chinese market will help the company to achieve its 2008 target.
source: Gasgoo.com
 

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Discussion Starter · #3 ·
January 2008 sales - best monthly sales result in history of Beijing Hyundai

February 2 – Beijing Hyundai sold 30,063 vehicles in January, up 23.5 percent from one year earlier. The number represents Beijing Hyundai’s best single month sales record since it was founded a couple of years ago.

Beijing Hyundai sold 17,958 Elantra vehicles and 4,949 Tucson SUV vehicles in January. Elantra’s impressive January sale represents a comeback of the once hot-selling Korean sedan in Chinese market.

Earlier last month, Hyundai Motor Co., South Korea's top auto maker announced that the company aims at selling 380,000 vehicles in China in 2008, about 60 percent increase from last year's 231,000 units.

The automaker said the completion of its second plant and the launch of new models in Chinese market will help the company to achieve its 2008 target.

With the completion of a new $1billion plant on the suburbs of Beijing, Hyundai's annual capacity in China will be doubled to 600,000 units. Volume production in the second plant is set to start in May this year.
Source: Gasgoo.com
 

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i think the next few months will be the best for some car manufacturers llike hyundai since they are producing and importing more cars to china as the chinese economy gropws
 

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Beijing Hyundai completes one millionth car


www.chinaview.cn 2008-02-22 17:01:25 Print

BEIJING, Feb. 22 (Xinhua) -- Beijing Hyundai produced its one millionth car here on Friday, just over five years after it first began production.

The auto joint venture between China and the Republic of Korea (ROK) was set up in November 2002 has been the fastest car maker in China to reach the one million-unit sales target.

However, no flamboyant show was put on Friday to mark the success. A simple ceremony saw workers gather for half an hour to celebrate the milestone.

Li Honglu, deputy general manager of Beijing Hyundai, said that the company wanted to save the celebration cost for donations to assist the disaster relief work in southern China region. It has donated five SUVs valued at one million yuan (138,000 U.S. dollars) in total to the snow-plagued regions.

Li said the production of the company's new model Elentra HDC has been carried out on a trial basis in the factory. Another modified model Sonata Yuxiang will be produced in the second half of this year.

"Beijing Hyundai's 2008 target is to produce and sell 380,000 units of sedans," he said.

Beijing Hyundai ranked the seventh on the sales bulletin of China's top ten sedan makers in January, which was published by the China Association of Auto Manufacturers on Feb. 20. The car maker sold 25,100 units in January.

FAW Volkswagen remains China's No. 1 sedan producers with sales standing at 65,700 units in January.


http://news.xinhuanet.com/english/2008-02/22/content_7648810.htm
 

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Discussion Starter · #6 ·
Hyundai launching luxury brand in China

From Autoblog.

Speculation has been mounting for some time now that Hyundai could spin off a luxury division, and those rumors have finally been confirmed. But while Toyota, Nissan and Honda initially targeted its luxury brands (Lexus, Infiniti and Acura, respectively) at the American market, emerging reports suggest that Hyundai's premium marque will make its debut in China.

Hyundai is currently the second most popular import in the rapidly-growing Chinese auto market, trailing only Toyota for sales in the country. With five different models, Hyundai sold 24,000 vehicles in China last year, and manufactures more in joint ventures locally. Eying the emerging luxury car market in China – Lexus sales increased 160 percent last year and was projected at 80% growth this year – Hyundai has confirmed it is preparing to launch its own premium brand there. However, while it would seem that the establishment of a luxury badge would allow the mainstream Hyundais to move downmarket, the Korean automaker is also attempting to take its standard models upmarket along with it. One of its most popular models in China, the Matrix minivan, is being withdrawn as Hyundai tries to increase its brand image as a premium automaker. In its place, Hyundai is bringing in the new Santa Fe, Azera, a larger, more expensive Coupe and a new premium crossover.

The luxury division – complete with its own name and badge – is expected to be officially launched in 2010. Whether the new brand will make the trip around the world and land on American shores remains to be seen, but we certainly wouldn't discount the possibility.
Next year might be tough for Hyundai Motor Co, but it could also be a turning point.

"We are refur-bishing our brand image in China," says Young-Key Koo, chief representative of Hyundai Motor China for sales and marketing.

Hyundai was the No 2 imported auto brand in the first half of this year, trailing only Japanese rival Toyota, according to statistics from the State Information Center,

It has sold 24,000 vehicles in China so far in 2007, an increase of 11 percent year-on-year, Koo tells China Business Weekly.

"If we did not stop importing our Matrix (a mini-MPV model) this year, there would have been at least 4,000 more units sold," he says.

"But we had to give up the popular model because it only has two engine choices of 1.6- and 1.8-liter and targets at average consumers, which is not in line with our strategy to build Hyundai as a high-end brand."

The South Korean carmaker now imports five models to China. It also has a joint venture in Beijing producing economical cars that carry the Hyundai badge. The venture's domestic-made Elantra and Sonata models are widely used as taxis in Beijing.

"Improving a brand image from a taxi to a luxury sedan is not easy or simple in the short term," Koo admits.

He says that Hyundai will introduce two more luxury models to China next year.

In April, the Rohens, similar to its Genesis concept car exhibited at last month's Guangzhou Auto Show, will hit the market during Auto Beijing 2008.

In September, Hyundai will launch its New Santa Fe and Azera for 2009.

"In October, we will bring a new sports car called the BK to China, replacing the locally made Coupe," says Koo. The BK, 23.5 cm longer and 4.5 cm wider than the Coupe, will also carry a higher price tag.

Koo also says that in the first half of 2009, Hyundai will import its most expensive, currently unnamed luxury sedan with a 4.8-liter engine to China. It also plans to unveil its CUV - car-based utility vehicle - a crossover between sports utility and multipurpose vehicles.

"Then we will keep the pace of introducing one or two new luxury models every year to reinforce our premium brand image. We have the same strategy as our Japanese rivals," Koo says.

"In 2010, we will officially launch our luxury brand name and logo along the lines of Toyota's Lexus, Nissan's Infiniti and Honda's Acura. All of our luxury models will have the new badge."

The tariff on autos dropped from 90 percent to 25 percent over the six years following China's entry into the World Trade Organization. The world's major carmakers are now rushing to import luxury models that are difficult to manufacture locally.

According to the China Association of Automobile Manufacturers, imported vehicles still dominated the luxury auto market in the first half of the year. For the first time the number of imports grew faster - some 33.7 percent - than domestic production, which increased 26 percent.

"Chinese consumers are now showing growing favor for high-end or luxury sedans. Although the market size is not big, the growth rate is very high. It's not too late for Hyundai to build itself as a high-end brand in China," Koo says.

All five major luxury auto brands posted an increase of more than 30 percent in sales last year. Lexus, the only Asian brand in the mix, saw sales soar 160 percent. The Japanese luxury leader says it will have an 80 percent sales increase this year.

To cash in on the surging demand for upscale sedans, another two Japanese luxury brands, Infiniti and Acura, have also entered the local market.

Koo insists Hyundai will not be left behind.

"We are offering different models with high quality and at competitive prices. The only thing we have to do is to improve our image."

As part of the effort, the company's advertising budget was increased 60 percent this year.

It is also making efforts to strengthen its sales and service network in China, with the number of dealerships growing from 23 to 42.

Starting in September, Hyundai begun to upgrade its 4S - sales, spare parts, service and survey - stores.

"Hyundai must also ensure its exhibition halls and dealership displays are luxurious," says Koo.
 

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Discussion Starter · #7 ·
Hyundai opens new China plant to make new models.

April 8, 2008 - Hyundai Motors announced today to open a $1 billion plant in China with partner Beijing Automotive, as part of its aggressive expansion effort to turn the mainland into its largest overseas market by 2010.

Beijing Hyundai Motor Company, a 50-50 joint venture between Beijing Automotive Industry Holding and South Korea's biggest carmaker, now operates two plants and aims to double capacity in China to 600,000 units by 2010, the companies said in a joint statement.

The company expects to sell 100,000 remodeled Elantras made at the new plant this year, pushing total China sales to 380,000 units in 2008, a 65% rise from about 230,000 last year. The new Elantras, one of the new models introduced by Hyundai into China in 18 months, will sell for RMB 99,800 ($14,250) to RMB 129,800. Hyundai is also planning to bring its high-end sedan Genesis to China in June, with a sales target of 1,500 units in 2008.

Industry analysts worry that Hyundai's projections are too optimistic and the new plant could lead to overcapacity. Hyundai's sales in China fell to 230,000 units last year from 290,000 in 2006 as the company failed to introduce any new models in one of the world's fastest growing markets.

Hyundai hopes to capture 10% of the China market along with its affiliate Kia Motors Corp by 2010, selling 1 million units in the country, where Kia Motors opened its second factory in December. The RMB 6.8 billion plant, which can make 300,000 vehicles annually, boosted Kia's total capacity in China to 430,000 units.
source: Gasgoo.com
 

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Discussion Starter · #8 ·
Hyundai develops $5,000 car for China and India.

April 16, 2008 - Hyundai Motor Co. is developing a $5,000-$6,000 (35,000-42,000 yuan) small car especially for China and India.

The car, code-named RB, is under development in Hyundai's r&d center in South Korea. Production in China and India is expected to start in 2010, says Jake Jang, a spokesman of Hyundai Motor.

With India's Tata Nano priced $2,500 (17,541 yuan) and China's Chery QQ starting at 33,000 yuan ($4,712), global automakers face increasing pressures to cut costs for their products sold on emerging markets like India and China.

China could surpass U.S. and become Hyundai's largest overseas market by 2010, says Jang.

With a total investment of 12 billion yuan ($1.71 billion), Hyundai's second plant started production last week in Beijing. Hyundai plans to double its production capacity in China to 600,000 units in 2010.

Hyundai's sales target of 2008 in China is 380,000 vehicles. Combined Hyundai and Kia brand sales fell 16.5 percent in 2007 to 343,210, according to Automotive Resources Asia, a unit of J.D. Power and Associates.

In India, Hyundai sold 196,421 locally-made vehicles last year, according to Automotive Resources Asia.

Meanwhile, Edward Yoon, the chief financial officer of Hyundai Motor (China), says the newly launched Elantra Yuedong has 87 percent "local" content, and the old Elantra model has more than 90 percent.

By local content, Yoon mainly refers to parts sourced from Korean suppliers' plants in China. To date, 117 Korean suppliers have established plants in China after Hyundai entered China in 2002.

Asked whether his company would source components from Chinese suppliers for the RB, Edward Yoon, the chief financial officer of Hyundai Motor (China) says: "We should do that."

He doesn't provide cost estimates for the RB.

"If Hyundai plans to make a very low-cost car and compete with local automakers such as Chery and BYD, it needs to further open up its (Korean-dominated) supply system," says Duan Chenwu, an analyst with Global Insight's Shanghai office.

Chinese suppliers are capable of providing interiors, mirrors, bumpers, and injection molded parts with good quality and at lower prices than Korean suppliers, says Duan.

Hyundai manufactures 1.4- to 2.7-liter engines in its two engine plants in Beijing, and it sources manual transmissions and four-speed automatic transmissions from Hyundai Mobis' operations in China. It imports some high-end engines and transmissions from South Korea, say industry sources.

Yoon says Hyundai has made some efforts to increase purchasing from Chinese suppliers. For instance, it has started to allow some Chinese companies to bid for the supply of some components along with Korean suppliers, he adds.

Yoon says, "We have to do this to cut costs."
source: Automotive News China
 

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Beijing Hyundai to make Hyundai i30 in late 2008.

May 27, 2008 - To reach this year's production and sales targets, Beijing Hyundai will make another new model of Hyundai in addition to the heavyweight model Elantra in the second half of 2008. Sources said that the Hyundai i30 hatchback for the European market will be made in the second plant of the joint venture later this year.

The Hyundai i30 is a hatchback model with a 2650 wheelbase and shares most parts with Kia Cee'd. It is powered by six engines for choice, including the gasoline versions (1.4L 109hp, 1.6L 122hp, 2.0L 143hp) and the diesel versions (1.6L 90hp, 1,6L 115hp, 2.0L 140hp). In safety, all models have driver, passenger and curtain airbags, traction and stability control and finally ABS with EBD. The car is well equipped with even the basic Comfort trim boasting alloys, CD player and air conditioning.

When its construction is completed later this year, the second plant of Beijing Hyundai will have an anuual capacity of 300,000 vehicles. The JV aims to sell 100,000 Elantra cars in 2008 and this means the new plant's capacity will be used for the production of another new Hyundai model to compete with the newly launched Buick Excelle and 2008 Ford Focus. Making the Hyundai i30 hatchbacks for the customers from ordinary families will be a good choice for Beijing Hyundai to boost its sales figures.

Beijing Hyundai is a 50:50 joint venture founded in 2002 by Hyundai Motor Co and Beijing Automotive Holdings. In 2007, Beijing Hyundai sold 231,137 vehicles in the Chinese market, including 120,333 Elantra, 44,729 Tucson, 26,665 Accent, 25,528 Sonata and 799 Sonata Yuxiang vehicles.

source: Gasgoo.com
 

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Discussion Starter · #10 ·
Hyundai to scrap low-cost model plan in China.

July 23, 2008 - Hyundai Motor Co, South Korea's top automaker, said on Wednesday it had scrapped a plan to launch a low-cost sedan in China as the model would not be profitable amid rising raw material prices.

Hyundai, which together with affiliate Kia Motors Corp is the world's No.5 automaker, plans to introduce a new compact sedan to the China market instead of the initially planned $5,000 to $6,000 economy sedan, a company spokesman said.

The company had planned to sell the low-cost sedan in China from 2010 to compete with sub entry-level cars from global and local makers in the world's No.2 auto market.

"We will not produce such a cheap car in China. We could not make a profit on the car on rising commodity prices and it could damage our brand image," Hyundai spokesman Jake Jang said by telephone.

Automakers are examining different means such as price hikes to secure profits as their production expenses climb on higher raw material costs.

The newly planned sedan, codenamed "RC," with a 1.4 or 1.6-liter engine, would be bigger than the sub-compact Accent and smaller than the compact Elantra, Jang said.

Beijing Hyundai Motor Co, a 50-50 joint venture between Hyundai and Beijing Automotive Industry Holding, plans to produce more than 100,000 units of the model per year from 2010, Jang said.

He declined to discuss the price range of the new sedan.

The retail price of the Accent in China starts at 71,800 yuan ($10,520) and the Elantra starts at 89,000 yuan, Jang said.

Shares in Hyundai rose 1.68 percent to 72,700 won as of 0537 GMT, compared to a 2.21 percent gain in the wider market.
source: Reuters
 

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Hyundai's LPG Hybrid might come to China

Typically pioneering innovations in motoring come from the big name luxury manufacturers; however Hyundai seems keen to make a name for itself as a leader in emerging technologies having today announced the world’s first LPG hybrid production car.

Hyundai’s world first LPG Hybrid

The Elantra LPI Hybrid Electric Vehicle (HEV) will have the lowest operating costs of any hybrid vehicle on the market, with Hyundai determining the cost premium for the new car would be recouped in just two years through fuel savings.

Powered by a 1.6-litre Liquefied Petroleum Injected (LPI) Gamma engine coupled with a 15kW electric motor, the Elantra LPI HEV is classed as a mild-type hybrid vehicle and qualifies as a Super Ultra Low Emission Vehicle - emitting just 103g/km of CO2 and 90 percent fewer pollutants.

“The Elantra LPI HEV demonstrates Hyundai’s innovative approach: We have leveraged Hyundai’s world leadership in LPG-fuelled vehicles to develop a hybrid that will be very economical to operate,” said Dr. Hyun-Soon Lee, president of the Research and Development Division.

More precisely, the Elantra LPI HEV will be 40 percent cheaper to operate than other hybrid models in the marketplace and 50 percent less than a conventional Elantra model powered by a petrol only engine.

Part of the cost premium naturally includes the lithium polymer rechargeable batteries - another technological first for hybrid production cars.

The Li-poly batteries have significant advantages over lithium-ion batteries including higher energy density, lower manufacturing costs and they can also take more charge-discharge cycles before storage capacity begins to degrade.

Initial sales of the Elantra LPI HEV will begin July 2009 for the Korean market only; however Hyundai is investigating other markets - specifically China and Australia due to widespread LPG distribution infrastructure.


I knew Hyundai was preparing the hybrid car but I heard that they had the difficulty to develop due to most of Petrol version hybrid tech ips are own by Toyota and Honda. And the problem was it make difficult them to produce the affordable hybrid cars. Surely, they should produce cheaper than Toyota and Honda at least, otherwise... who would buy....

And it seems like their solution was bring LPG Hybrid... Hmmm. I'm not a big fan of LGP and heard it produce much less power compare to the petrol one. But I can see those Taxi, which run by LPG, runs normal like others on the road. What would be the best way? petrol hybrid? Diesel hybrid? LPG Hybrid?




http://www.caradvice.com.au/14277/hyundais-world-first-lpg-hybrid/#comments
 

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Discussion Starter · #12 ·
Beijing Hyundai to roll out 3 new models soon.

October 10, 2008 - Beijing Hyundai said it will launch the new NF Yuxiang (code-named NFC) by December and will also roll out the 2009 Tuscan soon, Nanfang Daily reported today. The carmaker also announced this week that it will launch the Elantra choice model and 2009 Accent. So far, Beijing Hyundai will cover the market from A0-class to B-class models within the year.

It is reported that the new NF Yuxiang is almost the same with 2009 Sonata’s North American version, but it also has some changes for targeting the Chinese market. The “NFC” indicates the changes in accordance with Chinese market through “C”. Following Yuedong’s success, the new NF Yuxiang is expected to rival mid- and high-class cars by the end of the year.

Besides, the carmaker will launch 2009 Tuscan city SUV. The 2009 Tuscan has undergone upgrades in exterior, interior and equipment based on the old version, but the price will remain unchanged.

This week, Beijing Hyundai also rolled out the Elantra choice model and 2009 Accent. The carmaker adds some luxury and comfortable elements to the choice model to meet consumers’ various demands. The 2009 Accent has a new 1.4GLSAT model. It is reported that the 2009 Accent will fill Hyundai’s margin in the A0 market following the carmaker covers the luxury and economic car market through Elantra and Yuedong models.
source: Gasgoo.com
 

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Re: Beijing Hyundai business news

Beijing Auto cuts 2008 car sales forecast

November 07, 2008

SHANGHAI, Nov 7 (Reuters) - Beijing Automotive Industry Holding, a Chrysler LLC partner in China, expects its vehicle sales this year will be a bit more than 800,000 units, falling short of its original forecast of 1 million due to the economic slowdown, its chairman said on Friday.

Xu Heyi told an industry forum that a planned listing of the company would still proceed according to the company's original plan, although no specific timeframe had been set.

He gave no further details regarding the listing plan, although official media reported early this year that Beijing Auto, which runs a car manufacturing venture with Hyundai Motor and controls truck maker Beiqi Foton Motor, planned to list its major car production assets on the domestic bourse to raise more than 2 billion yuan ($293 million).

http://www.gasgoo.com/auto-news/1008298/Beijing-Auto-cuts-2008-car-sales-forecast.html
 

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Beijing Hyundai to launch two new models yearly.

November 28, 2008 - Beijing Hyundai general manager J.M. Noh has announced that the company plans to deliver two new models in each of the next three years.

In an interview with Nanfang Daily, J.M. Noh said Beijing Hyundai will launch a C2 model (equal to an A-class model) in the first half of 2009 and another in-house model developed by Beijing Hyundai Technique Centre in the second half.

Rumor has it that the self-developed new model will be built based on the Accent platform or I20 as a prototype, while J.M. Noh made it clear that the model will be an all-new car based on a new platform. The in-house developed new model will be available in a sedan version and a five-door hatchback sports version, J.M. Noh said.

For 2010, the carmaker will launch two more new models, including small cars.

At the recent Guangzhou auto show, Beijing Hyundai unveiled the all-new Sonata model "Ling Xiang”, reflecting the carmaker’s upper technique capability. The China-made Sonata, expected to go on sale in China at the end of this year or the beginning of 2009, will target Passat Lingyu as its rival in the D-class segment. The Ling Xiang model is forecasted to reach sales of 40,000 units every year, J.M. Noh disclosed.

The current economic downturn has pushed Hyundai to join its counterparts to cut its sales target down, lower than the 380,000-unit target fixed earlier in the year. The carmaker is also looking to develop small cars in the coming years around the world.

source: Gasgoo.com
 

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Re: Beijing Hyundai business news

Beijing Hyundai cuts sales target by 60,000 units

Shanghai, December 1 (Gasgoo.com) Beijing Hyundai general manager J.M. Noh said in a recent interview that the joint venture has reduced its sales target for this year to 320,000 units from the previous 380,000-unit goal that was set at the beginning of the year, reported Beijing News today. However, the company has not changed its target of selling 1 million vehicles along (with Kia Motor) in China in 2010.

Beijing Hyundai set the 2008 target of selling 380,000 units at the beginning of this year according to its sales performance and the industry growth rate in 2007. J.M. Noh said. But the devastating May 12 earthquake in western China, the traffic control during Beijing Olympic Games in August and the financial crisis these months have all made a considerable impact on the production and sales of Beijing Hyundai and many other automakers.

J.M. Noh said that China's current sluggish auto market will not affect Hyundai Motor's long-term strategy in the Chinese market for the moment. Hyundai-Kia Group has not changed its strategic goal of selling 1 million vehicles in China in 2010.

In the interview, J.M. Noh has also announced that Beijing Hyundai has plans to deliver two new models in each of the next three years. The company will launch a C2 model (equal to an A-class model) in the first half of 2009 and another self-developed model in the second half.

At the recent Guangzhou auto show, Beijing Hyundai unveiled the all-new Sonata model "Ling Xiang" -- the China-made Sonata which will go on sale in the coming few months. This model will rival Passat Lingyu in the D-class segment and is projected to sell 40,000 units annually.

Source: http://www.gasgoo.com/auto-news/1008562/Beijing-Hyundai-cuts-sales-target-by-60-000-units.html
 
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