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Honda to expand production by 36 pct in China by 2012

UserPost

8:54 am
May 27, 2010


admin

Admin

posts 215

Honda Motor President and
Chief Executive Officer Takanobu Ito said Tuesday (May 26) the company
plans to increase its manufacturing capacity in China by 36 percent by
2012, in a move that will expand the presence of Japan's second-largest
automaker in the world's biggest auto market.

The move will raise Honda's production capacity in China to 830,000
vehicles by the end of 2012.

A factory operated by Guangqi Honda Automobile Co., a joint venture
with Guangzhou Automobile Group Co., will double its capacity to 240,000
units by 2011.

A new factory operated by Dongfeng Honda Automobile Co, another joint
venture, will begin operations soon.

"Honda's move will help it grab a bigger market share and develop in
China," said President of Guangzhou Automobile Group Co. Zhang Fangyou.

Honda plans to introduce three hybrid car models into China over the
next three years.

The auto maker, which currently can produce 610,000 vehicles in
China, reported annual sales of 576,223 units last year, up 22.5 percent
year on year.


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