Hyundai: Output resumes at JV plants, suppliers; most stores reopen

Mar 18, 2020    Industry News
Hyundai: Output resumes at JV plants, suppliers; most stores reopen

Beijing Hyundai, Hyundai Motor Co.’s joint venture with BAIC Motor Co., said output has resumed at three production sites and suppliers despite the lingering coronavirus outbreak in China.

The joint venture’s assembly plants in Beijing, the north China city of Cangzhou and the southwest China municipality of Chongqing have successively reopened, the company announced Saturday. 

None of the 10,000-plus employees at the plants have been infected by the virus, allowing full production to resume at the three sites, it said. 

Meanwhile, the joint venture’s 300-plus Tier 1 and Tier 2 suppliers have restarted production and nearly 90 percent of its franchised dealerships across China have reopened, it added. 

Beijing Hyundai hasn’t disclosed sales results this year. 

According to the China Passenger Car Association, a Shanghai-based consultancy, the company delivered 7,313 vehicles in February, a drop of 79 percent from a year earlier. In the first two months, the company’s sales fell 50 percent to 73,398.

Since the beginning of March, sales have rebounded sharply in some regional markets in China, Beijing Hyundai said.

Chat with The Expert
Sign in
Forgot your password? Remind
Listings to be compared
    There are no listings to compare.
    Comparison Table