Honda to Open New Electric Vehicle Factory in Wuhan, China... Annual Production of 120,000 Units

[Photo by AFP Yonhap News]

[Asia Economy Reporter Park Byung-hee] Japanese automaker Honda is strengthening its push into the Chinese market by building a new electric vehicle factory in Wuhan with an annual production capacity of 120,000 units.

Bloomberg reported on the 5th that Honda's Chinese joint venture will start operating the new electric vehicle factory in Wuhan in 2024. Previously, Honda announced plans to establish two new electric vehicle production plants in China, targeting operation commencement in 2024.

The new Wuhan factory site covers 630,000 square meters, and Honda stated that to reduce air pollution, the factory will be operated using eco-friendly energy sources such as solar power and recycled water.

Last year, Honda became the first Japanese automaker to declare a full transition to an all-electric vehicle lineup. Honda plans to convert all its production vehicles to electric by 2040.

Chinese joint ventures Dongfeng Honda and GAC Honda also plan to launch 10 new electric vehicle models over the next five years and export them.

Honda reported that its sales volume in the Chinese market decreased by 4% last year.

This content was produced with the assistance of AI translation services.