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| Industry | Automotive | ||||||
|---|---|---|---|---|---|---|---|
| Fate | Absorbed by Guangqi Honda | ||||||
| Successor | Guangzhou Development DIstrict Factory | ||||||
| Founded | 8 September 2003[1] | ||||||
| Defunct | 1 April 2020[1] | ||||||
| Headquarters | , China[1] | ||||||
Area served | Exported worldwide[1] | ||||||
Key people | Yasuhide Mizuno[2] | ||||||
Production output | 10,800 units[3] (2016) | ||||||
| Owners |
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| Parent | Honda | ||||||
| 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 | ||||||
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| Alternative Chinese name | |||||||
| Simplified Chinese | 本田中国 | ||||||
| Traditional Chinese | 本田中國 | ||||||
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| Website | www | ||||||
Honda Automobile (China) Co., Ltd. known also as CHAC[4] and Honda China (Chinese: 本田中国) was an automobile manufacturer owned by Honda and Chinese companies GAC Group and Dongfeng Motor Group. It was aimed for export worldwide only, not for domestic market in China.[1]
History
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]
As of 2016, the plant exports mainly to the Middle East, Latin America, Russia and Africa.[9]
On 1 April 2020, Guangqi Honda joint venture officially absorbed the plant and renamed it as the Guangzhou Development District Factory.[10] 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.[11] 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.
Footnotes
- ^ 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
References
- ^ a b c d e f g "企业介绍" [about us] (in Chinese). Honda China. Retrieved 2 September 2017.
- ^ Government Database accessed on 2 September 2017 (in Chinese)
- ^ a b "2016 Annual Report" (PDF). GAC Group. 2 September 2017.
- ^ "First CHAC Manufactured City Rolls off Production Line". Honda Automobile (China). 12 October 2016. Retrieved 2 September 2017.
- ^ "企业简介" [About us] (in Chinese). Dongfeng Honda. Retrieved 2 September 2017.
- ^ "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) – via XinhuaNet.
- ^ "CHINA: Honda plant to make first car for Europe". Just-auto. Jun 14, 2004. Retrieved 2 September 2017.
- ^ "Honda China Begins Exports of Compacts to Europe". Green Car Congress. Jun 24, 2005. Retrieved 2 September 2017.
- ^ "Honda to build new China factory". GulfNews. Reuters/AFP. 2016-10-18. Retrieved 2018-02-04.
- ^ "Honda Global | March 29, 2020 GAC Honda to Absorb Honda Automobile (China)". global.honda. Retrieved 2020-05-23.
- ^ "GAC Honda To Absorb Honda Automobile In China, Boosting Production Capacity". Carscoops. Retrieved 2020-05-23.