Honda spends 70 billion yen to build a new plant in Guangzhou, aiming to produce 120,000 vehicles per year in 2024

Japan's Honda Motor announced that the new electric vehicle assembly plant in Guangzhou, China has officially started construction, with an investment of 70 billion yen (about 3.49 billion yuan), which will expand the scale of electric vehicle production in China and target to start operations in 2024 , with anannual output120,000 vehicles.

Honda's new electric vehicle factory is operated by GAC Honda, which is jointly funded by Japan's Honda Motor and China's GAC Group. A factory dedicated to electric vehicles.

In addition, Dongfeng Honda, another Honda joint venture in China, is currentlybuildingan electric vehicle assembly plant with an annual production capacity of 120,000 units. It is expected that by 2024, Honda's vehicle production capacity in China will reach 1.73 million units, which is about Currently 2% higher.

At present, Honda is working hard to promote the sales of the electric vehicle-specific brand “e:N” series in the Chinese market. Dongfeng Honda has launched the brand’s first electric SUV in April 2022, and GAC Honda’s model was also launched yesterday. (20) officially launched.Honda plans to launch 10 electric vehicles of the e:N series by 2027, and the new electric vehicle factories of GAC Honda and Dongfeng Honda will also play an important role in production.