Dongfeng Honda to Build Third Automobile Production Plant in China
December 07 2016 - 10:40PM
JCN Newswire (English)
Dongfeng Honda Automobile Co., Ltd., a Honda automobile
production and sales joint venture in China, today announced plans
to build a third automobile production plant to meet increasing
demand from the continuously growing automobile market in China.
The announcement included a groundbreaking event in Wuhan,
China.
The event was attended by representatives from the governments of
Wuhan, Hubei Province, Mr. Zhu YanFeng, Chairman of Dongfeng Motor
Group Co., Ltd. as well as Takahiro Hachigo, President, CEO &
Representative Director of Honda Motor Co., Ltd.; Yasuhide Mizuno,
COO for Regional Operations (China) of Honda Motor Co., Ltd.
Dongfeng Honda plans to build the third plant on a 1.2
million-square-meter plot acquired by the company, located
approximately 8 km southeast of the company's first plant within
Wuhan Economic & Technological Development District. With an
investment of approximately 3 billion R.M.B., the new plant is
scheduled to become operational in the first half of 2019, with
annual production capacity of 120,000 units. Moreover, this new
plant will be designed with a concept to accommodate production of
electrified automobiles, where demand is expected to expand in the
coming years in the automobile market in China.
Since it began production and sales of CR-V in April 2004, Dongfeng
Honda has continued enhancing its product lineup, including the
Civic, since 2006, and the XR-V compact SUV, since 2015. With the
introduction of the all-new Civic and GIENIA compact hatchback,
Dongfeng Honda's total sales for 2016 is expected to exceed 560,000
units.
The addition of the third plant will increase Dongfeng Honda's
overall annual production capacity to 600,000 units, which will
increase Honda's overall automobile production capacity in China to
1.25 million units, including 600,000 units of Guangqi Honda and
50,000 units of Honda Automobile (China) Co., Ltd., an export
automobile production plant.
Comments by Takahiro Hachigo, President, Chief Executive Officer
and Representative Director of Honda Motor Co., Ltd.
"Honda sales in China is going strong and annual unit sales for
2016 is expected to reach 1.2 million units. The Chinese market has
potential for further development and growth. In order to continue
meeting such strong demand, Honda will introduce its highly
attractive products equipped with leading-edge technologies to the
Chinese market ahead of other markets around the world and deliver
joys to our customers here in China."
About Dongfeng Honda Automobile Co., Ltd.
Established: July 2003
Capital investment: US$560 million
Capitalization ratio: 50% Dongfeng Motor Group Co., Ltd.
40% Honda Motor Co., Ltd.
10% Honda Motor (China) Investment Co., Ltd.
Location: Wuhan, Hubei Province, China
Representative: Atsushi Fujimoto, President
Employment: Approximately 9,800 associates (as of December 2016)
About Honda
Honda Motor Co., Ltd. (TSE:7267/NYSE:HMC/LSE:HNDA) is one of the
leading manufacturers of automobiles and power products and the
largest manufacture of motorcycles in the world. Honda has always
sought to provide genuine satisfaction to people worldwide. The
result is more than 120 manufacturing facilities in 30 countries
worldwide, producing a wide range of products, including
motorcycles, ATVs, generators, marine engines, lawn and garden
equipment and automobiles that bring the company into contact with
over 19 million customers annually. For more information, please
visit http://world.honda.com.
Source: Honda
Contact:
Honda
Media Inquiries
corporate_pr@hm.honda.co.jp
+81-3-5412-1512
Copyright 2016 JCN Newswire . All rights reserved.
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