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Hyundai Motor begins to build third China plant
Hyundai Motor Co. on Sunday began works on its third plant in China with an annual production capacity of 400,000 units.

Following its completion, scheduled for July 2012, Beijing Hyundai’s annual production capacity will be increased to 1 million units, the company said.

The carmaker’s two existing facilities each have an annual production capacity of 300,000 units.

Hyundai Motor Group chairman Chung Mong-koo (second from right), Beijing Mayor Guo Jinlong (right) and other industry and government officials shovel at a ceremony to mark the start of construction work on Beijing Hyundai Motor Co.’s third plant in Beijing on Sunday. (Hyundai Motor Co.) 

Hyundai established its first production facility in China in 2002, and doubled its production capacity in 2008. All three facilities are operated by Beijing Hyundai Motor Co., a joint venture between Hyundai and Beijing Automotive Holdings.

“Today is a meaningful day on which Beijing Hyundai will build a third, 400,000-unit plant and secure production capacity of 1 million units,” Hyundai Motor Group chairman Chung Mong-koo said at the groundbreaking ceremony. 

The company said that it plans to begin producing a small vehicle designed for the China market at the new plant during the second half of 2012, and that other models designed for the market will be added to the plant in the future. 

By Choi He-suk (cheesuk@heraldm.com)