South Korean auto giants set up factories in Beijing

This reporter (Reporter Tu Lufang) learned from Beijing Hyundai Motor Co. yesterday that 15 modern Beijing accessory manufacturers have set up factories in Beijing, the largest of which is the Korean automotive parts giant Moebius Group. The group has established two factories in Shunyi and Tongzhou to provide Beijing Hyundai with gearboxes, chassis and cockpit modules.

MOBIS Group is one of the three major companies of Korea Hyundai Group with an annual turnover of more than 3 billion U.S. dollars. The production plant set up by MOBIS in the Linyi Industrial Development Zone in Shunyi can be completed by the end of this month, and it will be put into production in early October. It will mainly produce and assemble automobile chassis and cockpit modules, all of which will be supplied to Beijing Hyundai. The factory's annual production plan was originally set at 200,000 units. To cope with the rapid expansion of Beijing's modern car production scale, the production plan has been increased to 300,000 sets.

Beijing Mobis Transmission Co., Ltd., located at Tongzhou Opto-mechatronics Base, is the largest foreign investment project in Tongzhou District with a total investment of 75.4 million U.S. dollars. It will be completed by the end of the first phase of construction and is expected to have an annual production scale of 200,000 transmissions. In addition to supplying Beijing Hyundai, a considerable portion of the products will be exported directly.

At present, Beijing’s modern 100,000 production lines are being reconstructed. The daily production capacity will soon reach 500. The economical new vehicles will be listed on the market early next year. Many parts manufacturers will set up factories in Beijing to fully satisfy Beijing’s modern production needs. .

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