The hottest Korean Hyundai built a factory in Rizh

Hyundai built a plant in Rizhao to produce core parts with a US $290million

Hyundai built a plant in Rizhao to produce core parts with a US $290million

China Construction Machinery Information

Guide: on July 16, Rizhao Municipal government and Hyundai Kia Automobile Group signed an auto parts cooperation project agreement in Jinan, and Hyundai Kia Automobile Group will invest US $290million to build an auto parts project. This is another major breakthrough in the strategic cooperation between the city and South Korea's Hyundai Kia automobile group. This time

on July 16, Rizhao Municipal government and South Korea Hyundai Kia Automobile Group signed an auto parts cooperation project agreement in Jinan. South Korea Hyundai Kia Automobile Group will invest 290million US dollars to build an auto parts selection suitable measurement range project. This is another major breakthrough in the strategic cooperation between the city and South Korea's Hyundai Kia automobile group

the planned production capacity of the auto parts project signed this time is 800000 sets of core auto parts. Among them, the first phase is planned to invest 130 million US dollars, with a production scale of 400000 sets. It is planned to be completed and put into operation in 2011. The auto parts produced will be mainly sold domestically

it is understood that in recent years, Hyundai Kia Automobile Group has successively invested in the after-sales of automobile engines in Rizhao, which also requires consideration of projects such as machines, molds, axles, etc. The Weiya automobile engine project with an investment of 490million US dollars is by far the largest Korean funded project in the manufacturing industry of our province. At present, the first and second plants with an annual output of 400000 units have been completed and put into operation, and will eventually form a scale with an annual output of 1.3 million units. The Hyundai Weiya auto mold, which has been completed and put into operation in 2016, can produce 240 sets of precision auto molds every year. With the development of supporting industries, Weiya company will become a modern chemical plant integrating engine parts processing, engine assembly and engine core parts research and development, which will effectively drive the development of the automobile and engine parts industry in Rizhao and become an important production base of the national automobile parts manufacturing industry

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