Honda to build new factory in China

• Source: Global Times
• [08:12 January 21 2010]
• Comments

Japanese auto giant Honda Motor said Wednesday that it would build a new factory in China to meet brisk demand in the fast-growing Asian nation.

Dongfeng Honda Automobile, the Japanese company's joint venture, will build a second factory in Wuhan, Hubei Province, aiming to start operations in the second half of 2012, the Japanese firm said.

The venture will initially spend 1.15 billion yuan ($168.40 million) to build the new plant, which will gradually increase its production capacity to as many as 240,000 vehicles a year, Honda said.

When the second plant begins production, Honda's overall annual vehicle production capacity in China will reach 710,000 units, it said.

Agencies