Honda’s new factory in China to boost capacity
HONDA will build a new factory in China, as the Japanese automaker expands its reach into the world’s biggest vehicle market.
The company, which already has several factories in China, will build its new plant in the city of Wuhan.
The factory will start operating in 2019 and produce 120,000 vehicles a year in the beginning, eventually doubling to 240,000 units.
That would be roughly a 20 percent boost from Honda’s current China factory capacity of 1.08 million units, business daily Nikkei reported.
Honda has three plants in southern Guangzhou and two in Wuhan, in addition to a factory dedicated to exports mainly to the Middle East, Russia and Africa. –