Hyundai, one of the Fortune Global 500 Companies, opened a new base in Handan, Hebei, on June 8.

The automobile group, headquartered in South Korea, has invested one billion dollars in the new base, and aims to make it the largest automobile trading center in northern China, which includes the provinces of Hebei, Henan, Shanxi and Shandong.

This new center is the largest foreign-funded project in the city and covers more than 42 hectares, with a building area that expands 700,000 square meters. It will provide all-round services such as 4S stores, auto shows and accessory shops.