Hyundai-Kia in China: 2.4 million in vehicle sales targeted for 2016

Engine and vehicle production expanded to meet future sales goals

2013/12/06

Table of contents

Summary
Hyundai Motor Group's sales targets in China: over 2.4 million units in 2016
Chinese JV's vehicle production by plant
Engine production enhancement in China
Model plans to improve Hyundai brand image and launch Kia's latest model in China
Hyundai Motor Group's passenger car sales network in China by brand
(Reference) Sales volumes of Hyundai Motor Group's three Chinese JVs by model

Summary

Hyundai Group's passenger car sales in China In these years, Korean Hyundai Motor Group (including Kia Motors) has expanded its sales significantly in the Chinese market. During the January to October 2013 period, its combined sales of locally produced passenger and commercial vehicles increased by 20% year-over-year (y/y). Hyundai Motor Group has revealed its aims to become the second largest foreign capital group in China in the near future. Hyundai Motor Group has set its sales target at the 2.4 million-unit level for locally-produced passenger cars by 2016 (including exports but excluding imports). In line with this, the group plans to increase its annual passenger car production to more than 2.4 million units around 2015. Regarding commercial vehicles, Hyundai Motor aims at production and sales of 170,000 units in 2017.
In parallel with the expansion of vehicle production, Hyundai Motor Group has been expanding its engine production. It is now promoting a plan to enhance its annual passenger car engine production capacity to more than 3 million units by 2015.

Related Reports:

China sales hit record high in first half of 2013 (Aug. 2013)
Hyundai Group revises policy of rapid growth and prioritizes quality (Aug. 2013)

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