Beijing Hyundai to develop six models within three years
Beijing Hyundai recently disclosed they will begin developing its own models in the coming three years. This is the third auto maker to announce such plan so far, the former two being Guangzhou Honda and Shanghai VW.
"We have been developing these new models for a while, the models will be SUV's and sedan's." Said Xu Heyi, president of Beijing Hyundai.
The three new models will be launched successively at the 2008 Beijing Auto Show, 2008 Olympics Games and the 60th anniversary of People's Republic of China.
Meanwhile, Beijing Hyundai will increase investment into its two auto parts plants in Beijing.
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