--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
SPORTS
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Film in China
War on Poverty
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar
Trade & Foreign Investment

Hot Links
China Development Gateway
Chinese Embassies

Honda to Build Second Plant in Guangzhou

Honda Motor Co. said Tuesday it would build a second auto plant in Guangzhou, which, along with other expansion plans, would almost double its production capacity in China by 2006.

The move will help Honda maintain the strong position it has built as one of the front-runners in the world's fastest-growing car market. Honda is operating at full capacity in China with popular demand for its Accord sedans and Odyssey minivans.

It said earlier its Chinese joint venture, Guangzhou Honda Automobile Co., which is 47.5 percent owned by Denway Motors Ltd., would invest some $265 million in the new plant to give it an annual production capacity of 120,000 units. It is expected to be operational in the second half of 2006.

"By adding a new plant, total production in Guangzhou would reach 360,000 units in 2006 and would enable the company to respond to strong demand for its current product line-up as well as meet long-term demand in the Chinese automobile market," Honda said in a statement.

"The new plant is a very natural move for Honda," said auto analyst Takaki Nakanishi at UBS Securities.

"China is a growing market and if (Honda) does not expand it will lose market share."

(Shenzhen Daily November 15, 2004)

Honda Eyes Fast Expansion in Auto JV
Toyota Motor Sets up JV in Guangzhou
Honda to Double Vehicle Output in China
Honda the First One to Dominates Auto JV
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688