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The Japanese automaker is aiming to start the factory’s operation in 2024, it said in a statement. The new factory has an annual production capacity of 120,000 units.
The dedicated EV plant will support Honda’s “core operation” of EV production in China, where competition for battery-driven vehicles is heating up, the company said.
Honda said another EV plant in China, in a joint venture with Dongfeng Motor Group, is also expected to start operations in 2024.
The Japanese automaker projected its annual automobile production capacity in China to increase by about 16% to 1.73 million units in two years.
($1 = 6.6872 yuan)
