According to Honda's official website in China, Dongfeng Honda Automobile Co., Ltd. (Dongfeng Honda), a joint venture between the company and Dongfeng Motor, will invest about 3 billion yuan to build a new factory in Wuhan Economic and Technological Development Zone.
Dongfeng Honda third factory is located in Wuhan Wuhan Economic and Technological Development Zone, the first factory 8 km southwest of the planned land of 1.2 million square meters, planned for the first half of 2019 production, annual production capacity will reach 12 million units, the amount of investment of about 3.0 billion RMB. Dongfeng Honda third factory will have a new energy vehicle production capacity.
"Honda is well positioned to sell in China in 2016 and is expected to exceed 1.2 million units this year," said Honda President Takashi Hacho. "The Chinese market has the potential for further growth and growth. To further meet the strong demand of Chinese consumers, Continue to provide leading technology, attractive products, to bring joy to customers.
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