Honda closes two plants, set to break record for production cuts by Japanese automakers
Hawk News
2024-07-26 17:32:33
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A few days ago, Honda Motor announced the upcoming closure or shutdown of 2 gasoline car plants in China, the plant in Guangzhou City will be closed in October, the plant in Wuhan will be closed in November to shut down the business, the plant parts production and research facilities to retain.
According to the plan, Honda will be through the closure of the plant and other initiatives, the annual production capacity of gasoline vehicles in China from 1.49 million units to 1 million units, a reduction of about 500,000 units, equivalent to Honda's global production capacity of 1 into. Honda's production cut will be the largest record among Japanese car companies.
In addition to the above two factories in China, Honda Motor plans to build two new electric car plant, the goal is to start production in the new plant later this year, Honda also emphasized remains an important market for Honda and other Japanese automobile wide business, is expected to restore production capacity to 1.44 million units, as the world's largest market in China.
On July 3, Honda China released data showing that from January to June Honda's terminal car sales in China was 415,906 units, down 21.48% year-on-year, the current Japanese car in China is clearly in the doldrums of the situation. Passenger Association data show that the Japanese car sales in China from January to June this year about 1,466,000 units, down 12.4% year-on-year.
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