Honda Automobile (China) Co., Ltd. previously known as China Honda Automobile Co., Ltd. (CHAC) was a

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and economic risk, risks, and shared governance. Companies typically pursue joint ventures for one of four rea ...

automobile

manufacturing plant A factory, manufacturing plant or a production plant is an Industry (manufacturing), industrial facility, often a complex consisting of several buildings filled with Outline of industrial machinery, machinery, where workers manufacturing, manuf ...

owned by

Honda is a Japanese public multinational conglomerate manufacturer of automobiles, motorcycles, and power equipment, headquartered in Minato, Tokyo, Japan. Honda has been the world's largest motorcycle manufacturer since 1959, reaching a producti ...

and Chinese companies

GAC Group Guangzhou Automobile Group Co., Ltd. (GAC Group) is a Chinese state-owned automobile manufacturer headquartered in Guangzhou, Guangdong. Founded in 1954, it is currently the fifth largest automobile manufacturer in China, with 2.144 million sa ...

and Dongfeng Motor Group. The plant solely produced vehicles for international exports, while vehicles for domestic market supply are manufactured by 50-50 joint ventures Dongfeng Honda and

Guangqi Honda Guangqi Honda Automobile Co., Ltd., also called GAC-Honda, is a Chinese automobile manufacturing joint venture company based in Guangzhou, Guangdong province. Co-owned by Honda and GAC Group (''Guangqi''), Guangqi Honda operates two plants that, ...

History

Honda Automobile (China) Co., Ltd. was a joint venture of

(65%),

(25%) and Dongfeng Motor Group (10%), incorporated on 8 September 2003. It was located in

Guangzhou Guangzhou (, ; ; or ; ), also known as Canton () and alternatively romanized as Kwongchow or Kwangchow, is the capital and largest city of Guangdong province in southern China. Located on the Pearl River about north-northwest of Hong Kon ...

. Dongfeng and GAC had formed separate joint venture with Honda as Dongfeng Honda (in July 2003) and

(in 1998) respectively. In 2018, Dongfeng made a public invitation to buy their stake in Honda China. It was reported in 2004, that the joint venture would export most of their products to Europe, as well as Southeast Asia. Exports to Canada commenced in 2011. As of 2016, the plant exports mainly to the Middle East, Latin America, Russia and Africa. On 1 April 2020, Guangqi Honda joint venture officially absorbed the plant and renamed it as the Guangzhou Development District Factory. 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. Under the new name the plant will begin producing Accord for the Chinese domestic market, while continuing to produce and export the

City A city is a human settlement of notable size.Goodall, B. (1987) ''The Penguin Dictionary of Human Geography''. London: Penguin.Kuper, A. and Kuper, J., eds (1996) ''The Social Science Encyclopedia''. 2nd edition. London: Routledge. It can be def ...

model for the Mexican market up to 2020.

Footnotes

References

External links

* Car manufacturers of China Honda factories Dongfeng Motor joint ventures GAC Group joint ventures Chinese-foreign joint-venture companies Vehicle manufacturing companies established in 2003 Chinese companies established in 2003 Vehicle manufacturing companies disestablished in 2020 2020 disestablishments in China {{motorvehicle-company-stub

History

Footnotes

See also

References

External links