- The Korean carmaker Hyundai will set up a fourth assembly plant in China. The new site (located in Chongqing, in the centre of the country) will have a production capacity of 300 000 units per year.

- Hyundai today manufactures 1.05 million vehicles annually in China in partnership with the Chinese carmaker BAIC (Beijing) in three different plants located in the surroundings of Beijing (two in Shunyi and one in Yancheng).

- The Korean carmaker sold 1.03 million vehicles on the Chinese market last year (of which 966 000 units where made in China) and has set a target for 2014 of 1.08 million units (of which 1 million units made in China ). But its current production capacity is limited to 1 million vehicles a year.

- The construction of this fourth plant will therefore enable Hyundai to manufacture up to 1.3 million vehicles per year starting from 2015-2016. At that time, its forecast ranged from 1.13 million units to 1.18 million units per year.

- This means that if the growth rate of sales of Hyundai models in China is maintained, it will need a new factory around 2018. The last plant built by the Korean brand in China dates back to 2012. This plant has a capacity of 300 000 units per year.

- The most made Hyundai models in China in 2013 were the Elantra (413 513 units), Verna (202 403 units), iX35 (157 300 units) and Sonata (105 500 units).