Shanghai (ZXZC)- Founded in 2002, Beijing Hyundai Motor, a Sino-Korea JV co-founded by Beijing Motor Investment Company and Korea Hyundai Motor Company, witnessed its cumulative output and sales reaching 9 million units in 2017. Besides, it delivered approximately 820,000 units during 2017.

During 2017, Beijing Hyundai released the all-new Elantra (Chinese name is Yuedong), the Verna and the all-new ix35, further completing its product lineup. From July, 2017, Beijing Hyundai saw sales growth for several consecutive months. Particularly, it boasted good market performance with sales reaching 110,000 units in December, soaring 35% month on month.

Specifically speaking, during 2017, the all-new Hyundai Tucson sold 137,799 units in 2017. The Hyundai Elantra (Chinese name is Lingdong) posted sales of 122,725 units. Sales of the Mistra reached 132,536 units. A small-size model, the all-new Verna sold 92,071 units. The newly-released new ix35 also boasted sales of over 10,000 units in the first month after its launching. In addition, Beijing Hyundai will also release a variety of significant models, including a new SUV, the Encino in 2018. 

With 15 years' development in China, the Sino-Korea joint venture announced in August, 2017 that its localization strategy will step into 2.0 stage, aiming to enhance core competitiveness in products, services and brands as well as win and consolidate recognition in local market. On Sept. 19, Beijing Hyundai's 9,000,000th model rolled off the production line. In 2018, Beijing Hyundai will target to achieve cumulative output and sales of 10 million vehicles.