Dongfeng Honda builds new plant

Dongfeng Honda Automobile Co, a 50-50 joint venture between China’s Dongfeng Motor Corp and Japan’s Honda Motor Co, broke ground to build a new factory in central China on Thursday. The new factory in Wuhan, capital of Hubei province, will start rolling out passenger cars in 2019. With an investment of 5.5 billion yuan ($800 million), the plant is the third one to be built by Honda and Dongfeng. The new factory will initially produce 120,000 cars a year, including new energy vehicles. on building an industrial park in southwest China’s Sichuan province. The industrial park, in Tianfu New Area in Chengdu, the capital city of Sichuan, is scheduled to be completed by 2021. The park will include centers for data innovation, product R&D, talent development, global purchases, intelligent logistics as well as education and medicare facilities, said Liu Qiang, vice-president of SAP Greater China. After completion, the smart industrial park will have international influence, with intelligent manufacturing as its core industry, according to Zhou Siyuan, deputy director of the administration committee of Tianfu New Area. mart announced on Wednesday it will invest $1.3 billion in Mexico over the next three years. Walmart Director General for Mexico and Central America Guilherme Loureiro said that the investment would build new distribution centers and expand existing ones in order to boost the speed and lower the costs of supplying its over 2,300 shops in Mexico. The new infrastructure will generate over 10,000 direct jobs in the country and will have a knock-on effect on the construction, transport and agricultural industry, according to Loureiro. Trade, Industry and Energy. Export value of cars, one of South Korea’s key export items, added 1.5 percent to $3.98 billion, the first expansion in 17 months. The expansion came as major automakers agreed on wage bargaining with the labor union, which used to be held around the end of the year.