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Honda Automobile (China)

From Wikipedia, the free encyclopedia
Not to be confused with Dongfeng Honda or Guangqi Honda.
Honda Automobile (China) Co., Ltd.
IndustryAutomotive
Founded8 September 2003; 21 years ago (2003-09-08)[1]
Defunct1 April 2020; 4 years ago (2020-04-01)[1]
FateAbsorbed by GAC Honda
SuccessorGuangzhou Development District Factory
Headquarters
Guangzhou
,
China[1]
Area served
Exported worldwide[1]
Key people
Yasuhide Mizuno[2]
Production output
10,800 units[3] (2016)
Owners
Honda(65%)
GAC Group(25%)[3]
Dongfeng Motor Group[1](10%)
ParentHonda
Chinese name
Simplified Chinese本田汽车（中国）有限公司
Traditional Chinese本田汽車（中國）有限公司
Transcriptions
Alternative Chinese name
Simplified Chinese本田中国
Traditional Chinese本田中國
Transcriptions
Websitehttps://www.honda.com.cn/

Honda Automobile (China) Co., Ltd. previously known as China Honda Automobile Co., Ltd. (CHAC)[4] was a joint venture automobile manufacturing plant owned by Honda and Chinese companies GAC Group and Dongfeng Motor Group. The plant solely produced vehicles for international exports, while vehicles for domestic market supply are manufactured by 50-50 joint ventures Dongfeng Honda and Guangqi Honda.[1]

History

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Honda Automobile (China) Co., Ltd. was a joint venture of Honda (65%),[nb 1] GAC Group (25%) and Dongfeng Motor Group (10%), incorporated on 8 September 2003.[1] It was located in Guangzhou. Dongfeng and GAC had formed separate joint venture with Honda as Dongfeng Honda (in July 2003)[5] and Guangqi Honda (in 1998) respectively. In 2018, Dongfeng made a public invitation to buy their stake in Honda China.[6]

It was reported in 2004, that the joint venture would export most of their products to Europe, as well as Southeast Asia.[7][8] Exports to Canada commenced in 2011.[9]

As of 2016, the plant exports mainly to the Middle East, Latin America, Russia and Africa.[10]

On 1 April 2020, Guangqi Honda joint venture officially absorbed the plant and renamed it as the Guangzhou Development District Factory.[11] The absorbed plant will produce up to 50,000 vehicles annually, boosting total annual production capacity of Guangqi Honda to 770,000 units per year.[12] Under the new name the plant will begin producing Accord for the Chinese domestic market, while continuing to produce and export the City model for the Mexican market up to 2020.

Footnotes

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  1. ^ 10% owned via a China incorporated subsidiary (Chinese: 本田技研工业（中国）投资有限公司); NOT to be confused with Hong Kong incorporated "Honda Motor (China) Limited" (Chinese: 本田技研工業（中國）有限公司), founded in 1992

See also

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References

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  1. ^ a b c d e f g "企业介绍" [about us] (in Chinese). Honda China. Archived from the original on 21 January 2020. Retrieved 2 September 2017.
  2. ^ Government Database accessed on 2 September 2017 (in Chinese)
  3. ^ a b "2016 Annual Report" (PDF). GAC Group. 2 September 2017.
  4. ^ "First CHAC Manufactured City Rolls off Production Line". Honda Automobile (China). 12 October 2016. Archived from the original on 2 September 2017. Retrieved 2 September 2017.
  5. ^ "企业简介" [About us] (in Chinese). Dongfeng Honda. Retrieved 2 September 2017.
  6. ^ "Dōng fēng guà pái chū shòu běn tián zhōng guó quán bù gǔ quán" 东风挂牌出售本田中国全部股权. 新京报 (in Chinese (China)). Archived from the original on January 6, 2018 – via XinhuaNet.
  7. ^ "CHINA: Honda plant to make first car for Europe". Just-auto. Jun 14, 2004. Archived from the original on 29 July 2017. Retrieved 2 September 2017.
  8. ^ "Honda China Begins Exports of Compacts to Europe". Green Car Congress. Jun 24, 2005. Retrieved 2 September 2017.
  9. ^ Bunkley, Nick; Austen, Ian (2011-12-21). "In Canada, a Car Built in China". The New York Times. ISSN 0362-4331. Retrieved 2021-03-30.
  10. ^ "Honda to build new China factory". GulfNews. Reuters/AFP. 2016-10-18. Retrieved 2018-02-04.
  11. ^ "Honda Global | March 29, 2020 GAC Honda to Absorb Honda Automobile (China)". global.honda. Retrieved 2020-05-23.
  12. ^ "GAC Honda To Absorb Honda Automobile In China, Boosting Production Capacity". Carscoops. Retrieved 2020-05-23.
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