Vice President of Hyundai Hsueh Yung-hsing said it was considering a plan to build a car factory in China 4th to increase production abroad, and against the adverse effects resulting from increased value of the yen.
"We believe that the ability of firms in China will be limited in 2015 or 2016. Therefore, we are considering building a plant with a capacity of 300,000 vehicles per year," he said Yung-hsing the Reuters news agency.
Hyundai will not say assembly and production of the new vehicle at the factory, but obviously this is a necessary step to increase its market share in the largest car market in the world today to 10% within 3-5 years next, then, in this car consumption is expected to reach 20 million per year.
Kia Factory's 3rd motor (a division of Hyundai) will be completed in December 2/2014 with production capacity of 1.8 million vehicles for the Chinese market.
Due to the territorial dispute between Japan and China in recent years, demand for Japanese cars slowed somewhat.
Hyundai currently has two assembly plants in the United States. Plans to build a new factory in the U.S. remains to be considered by the possibility of currency risk.
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