Automotive Leading Beijing Nearly 50% Speed ​​Industrial Growth from Automobiles 2

In the first half of this year, Beijing's automobile manufacturing sector made a remarkable comeback, driven primarily by the performance of Beijing Hyundai Motor and Beiqi Foton. The Beijing Automobile Industry produced and sold over 150,000 vehicles, generating a profit of 776 million yuan—marking a complete reversal of the losses the industry had faced since the establishment of the holding company. This achievement was a significant milestone for the city’s automotive sector. On September 26, the Shougang Group launched a key project aimed at restructuring its steel production: the 170,000-ton annual capacity color-coated steel plate plant officially began operations. This move is expected to support the broader industrial transformation in Beijing. SMIC also announced major developments, planning to build three large-scale fabrication plants in Beijing using 0.11-micron and 90-nanometer technologies. The SMIC Beijing 4 facility will focus on 12-inch wafers and is set to begin trial production later this year. The Beijing Municipal Bureau of Industry Promotion opened its doors on October 15, aiming to better support and coordinate local industrial enterprises. This new bureau reflects the city’s commitment to fostering growth and innovation. Beijing Hyundai Motor Co., Ltd. celebrated a major sales milestone on November 18 when Sonata sales surpassed 50,000 units, marking a turning point for the company. The success of the Sonata has been nothing short of extraordinary. On December 8, the joint venture between Beijing No. 1 Machine Tool Plant and Japan’s Otsuka Co., Ltd.—named “Big One”—held its opening ceremony. The release of the first batch of machine tools from the “Northern Tower” highlighted the progress being made in Beijing’s manufacturing sector. As a reporter who first visited Beijing Modern last year, I witnessed the early stages of Beijing Hyundai’s transformation. At that time, the factory was still under construction, with an empty workshop and a leaking roof. The office was located in an old four-story building, where several vice presidents shared a large room. Back then, the goal of selling 50,000 Sonatas annually seemed ambitious—but now, it’s a reality. I’ve watched the company grow from a small startup into a major player. The factory has been completely renovated, and the reception area is now bustling with dealers picking up cars. It’s clear that Beijing Hyundai has not only met but exceeded expectations. One of the first owners of the Sonata, 27-year-old Yu Lin, recalls his experience. Last October, he was looking for a car for his girlfriend when he came across an ad for the Sonata. He immediately canceled his previous order and bought a silver model instead. The 2.0-liter Sonata cost 225,000 yuan, and he became one of the first to own it when it officially launched on December 24. A year later, Yu Lin still remembers the excitement of driving the Sonata on the road. At the time, there were very few of them, and people would often stop to ask about the car. Today, while the novelty has faded, he remains satisfied with his choice. “I think buying the Sonata was the right decision,” he said. “It’s spacious, comfortable, and well-built. My car has covered 33,000 kilometers, and I haven’t had any major issues besides regular maintenance.” Yu Lin, who already owns a Toyota RAV4, prefers the Sonata for its flexibility and comfort, especially for long trips. He frequently travels between his hometown in Liaoning and Shandong, and the Sonata has made these journeys more convenient. During our interview, he had just returned from Zibo, Shandong—a trip of over 600 kilometers that took less than five hours. “The Sonata’s performance is impressive. I can reach 190 km/h quickly,” he said. As one of the first customers, Yu Lin has always shared his positive experiences with friends and the media. “Beijing Hyundai has developed so fast. When I ordered the car last year, the store wasn’t even built yet. Now, the after-sales service is excellent,” he said. He even recommended the Sonata to two of his friends.

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