Japan's Honda Motor will close a factory in China and halt vehicle production at another plant, the automaker said on Thursday (Jul 25), as it seeks to start producing more electric vehicles amid heavy competition from Chinese brands.
The Honda Motor logo is pictured at the 43rd Bangkok International Motor Show, in Bangkok, Thailand, Mar 22, 2022. Japan's Honda Motor will close a factory in China and halt vehicle production at another plant, the automaker said on Thursday , as it seeks to start producing more electric vehicles amid heavy competition from Chinese brands.
Honda will pause production at another factory in China it operates through a separate JV with Dongfeng from November, the spokesperson said, adding that the site has an annual production capacity of 240,000 vehicles. It plans to bring it back up to 1.44 million vehicles by starting production at two EV plants it is currently building through its JVs with GAC and Dongfeng. The company aims to begin production at both new plants later this year.
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