Help Desk -
9958816305, 9810335381
Email
Password

JAC Honda to Absorb Honda Automobile (China)

Auto News - Published on Tue, 07 Apr 2020

Image Source: JAC Honda China
GAC Honda Automobile Co Ltd, a joint venture company of Honda in China, announced that it will absorb its wholly owned subsidiary, Honda Automobile (China) Co Ltd effective April 1, 2020. As a result of this merger, Honda Automobile (China) will be renamed as the Guangzhou Development District Factory of GAC Honda.

Honda Automobile (China) was established in 2003 as China’s first automobile production plant dedicated exclusively for export. Striving to advance its production operation to be more flexible and efficient and to improve its business structure, Honda Automobile (China) was made a wholly owned subsidiary in 2018, and now will be absorbed by GAC Honda. Under the new name, Guangzhou Development District Factory, the plant will begin producing Accord for the China domestic market starting in April, while continuing to produce and export the City model for the Mexican market.

With the addition of the 50,000-unit production capacity of Guangzhou Development District Factory, the total production capacity of GAC Honda will be 770,000 units a year. GAC Honda will continue expanding the joy of mobility through advancing its production system by increasing efficiency and flexibility and by delivering products which provide value to its customers in a timely manner.

About Honda Automobile (China) Co Ltd (as of March 31, 2020)
HeadingDetails
Established:Sep-03
Location:Guangzhou Economic and Technological Development District, Guangzhou City, Guangdong Province, China
Capital investment:678,714,800 R.M.B.
Capitalization ratio:100% GAC Honda Automobile Co Ltd
President:Hirokazu Tomiki
Businesses:Production, sales and export of automobiles & Export of automobile engines and parts
Employment:751 associates
Start of production:Apr-05
Production capacity :50,000 units/year
Key production model :City (export for Mexico)
 

Source :

Posted By : Yogender Pancholi on Tue, 07 Apr 2020
Related News from Auto segment