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Beijing Hyundai headquarters and manufacturing base Hyundai Motor Office building in Beijing. Beijing Hyundai Motor Company (BHMC) is a 50-50 joint venture between Hyundai Motor and Beijing Automotive Holdings, which was established in 2002. It began operations in China by producing Sonata in December 2002. [6]
The Hyundai Group started as a small South Korean construction firm in 1947, headed by its founder, Korean entrepreneur Chung Ju-yung. [8] Another widely known and closely related Korean company, the Hyundai Motor Company, was founded in 1967, five years prior to the founding of the Heavy Industry Group. The motor company was also founded by Chung.
Discussions between Hyundai and government officials began in January 2022. [2] Hyundai announced the $7.6 billion factory in April 2022, [5] and construction on the 2,284-acre (924 ha) site began that October.
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In 1947, Hyundai Togun (Hyundai Engineering and Construction), the initial company of the Hyundai Group, was established by Chung Ju-yung. [3] Hyundai Construction began operating outside of South Korea in 1965, initially entering the markets of Guam, Thailand and Vietnam. [4] In 1950, Hyundai Togun was renamed Hyundai Construction. In 1958 ...
South Korean automaker Hyundai to invest $5.4 billion and employ 8,100 workers in facilities to be built on Bryan County megasite property. Hyundai to open auto plant, EV battery factory in Bryan ...