Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Tuesday, 25 May 2010, 10:51 HKT/SGT
Share:
    

Source: Honda Motor Co, Ltd
Guangqi Honda to Expand Automobile Production Capacity

Guangzhou, May 25, 2010 - (ACN Newswire) - Guangqi Honda Automobile Co., Ltd., a Honda automobile production and sales joint venture in China, today announced plans to expand its annual production capacity from the current 360,000 units to 480,000 units in order to meet continuously growing demand in the Chinese market.

Guangqi Honda's current overall production capacity of 360,000 units includes 240,000 units at the HuangPu Plant and 120,000 units at the ZengCheng Plant. The company has decided to double the annual capacity of the ZengCheng Plant to 240,000 units by the latter-half of 2011.

To expand its production capacity, the ZengCheng Plant will add new equipment. In addition, Guangqi Honda aims to enhance the plant's standing as a state-of-the-art environmentally-responsible plant through various improvements including further advancement of the "complete wastewater recycling system," which was introduced to this plant in 2006 for the first time in the world for an automobile production plant.

The total investment for this expansion is expected to be approximately 930 million RMB. Guangqi Honda's total employment is expected to be increased from the current 6,800 to 8,000 associates.

Guangqi Honda began production in March 1999 with Accord. Since then the company has been expanding its product lineup by adding Odyssey in 2002, Fit in 2004 and City in 2006. In addition, the Crosstour will be added to the lineup before the end of 2010, and sales of the LI NIAN brand vehicle, Guangqi Honda's proprietary automobile brand, is scheduled to begin in 2011. By expanding its product lineup, Guangqi Honda will continue its effort to fulfill the increasingly diversifying needs of customers in the growing market of China.

Guangqi Honda's 2009 sales reached 365,000 units (up 19% over 2008), achieving an all-time record for the 10th consecutive year. Year-to-date sales (January through April 2010) reached 134,000 units (up 36% compared to the same period a year ago) showing steady growth again this year.

Combining Guangqi Honda's capacity expansion and the addition of Dongfeng Honda's second plant, scheduled to begin operations in the latter half of 2012 with annual production capacity of 60,000 units, Honda's overall annual automobile production capacity in China will be expanded from the current 650,000 units to 830,000 units by the latter half of 2012.

About Guangqi Honda Automobile Co., Ltd. [*as of 2010]

Established:             July 1998
Capital Investment:      US$283.29 million
Capitalization Ratio:    40% Honda Motor Co., Ltd.
                         10% Honda Motor (China) Investment Co., Ltd.
                         50% Guangzhou Auto Group Corp.
Location:                Guangzhou City, Guangdong Province, China
Representative:          Hironori KANAYAMA, President
Employment:              Approximately 6,800 associates
Start of Production:     March 1999
Production Models:       (HuangPu Plant) Accord, City, Fit
                         (ZengCheng Plant) Accord, Odyssey



Contact:
Honda
Media Inquiries
corporate_pr@hm.honda.co.jp
+81-3-5412-1512


Topic: Production report
Source: Honda Motor Co, Ltd

Sectors: Automotive
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Honda Motor Co, Ltd Links

http://www.honda.com

https://plus.google.com/110355594819754396833

https://www.facebook.com/HondaJP

https://twitter.com/HondaJP

https://www.youtube.com/user/HondaJPPR

https://jp.linkedin.com/company/honda

Honda Motor Co, Ltd
Feb 27, 2025 15:07 HKT/SGT
Honda Selected as a CDP "Climate Change A List" Company for Second Consecutive Year
Feb 21, 2025 18:40 HKT/SGT
Honda Receives Highest Ranking of 3 Stars as Part of FIA Road Safety Index, Tool for Organizations and Companies to Measure Their Road Safety Footprint
Feb 21, 2025 18:11 HKT/SGT
Honda Partners with United Nations Road Safety Fund (UNRSF) to Work Toward Reduction of Fatalities from Traffic Collisions
Feb 19, 2025 10:07 HKT/SGT
Honda Reveals Specification for its Next-generation Fuel Cell Module
Feb 17, 2025 15:21 HKT/SGT
FLAT OUT IN TOKYO "Red Bull Showrun x Powered by Honda" April 2 (Wed)
Feb 13, 2025 15:20 HKT/SGT
Nissan, Honda and Mitsubishi Motors terminate MOU regarding consideration of tripartite collaboration
Feb 13, 2025 09:50 HKT/SGT
Honda Presents World Premiere of Seven Refreshed Large-size Outboard Motors at the Miami International Boat Show 2025
Jan 20, 2025 10:36 HKT/SGT
Honda Presents the World Premier of BF300 Large-size Outboard Motor at the Dusseldorf Boat Show 2025
Jan 13, 2025 16:07 HKT/SGT
Honda Civic Hybrid Named 2025 North American Car of the Year, Making Civic the Most Honored Model in the History of the Award
Jan 10, 2025 19:26 HKT/SGT
Honda 2025 Motorsports Program Overview
More news >>
 News Alerts
Copyright © 2025 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575

Connect With us: