GAC Honda Automobile (GAC Honda), a Honda automobile production and sales joint venture in China, has commenced construction of its new EV plant in Guangdong Province.
The new EV production plant will be built on a lot with the size of 400,000m2 within the Guangzhou Economic and Technological Development District in Guangzhou City.
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The plant is expected to begin operation in 2024 with an annual production capacity of 120,000 units.
It will see an initial investment of $520m (CNY3.49bn).
The plant will embrace sustainable initiatives including the use of renewable energy sources.
GAC Honda expects to make it an efficient, smart and low-carbon EV plant.
Honda is planning to launch 10 e:N Series EV models in China by 2027.
In the years to come, GAC Honda’s new EV plant will support a wide EV lineup that the company plans to launch.
Honda expects to have a total base annual automobile production capacity of 1.73 million units in 2024 when the new facilities of GAC Honda and Dongfeng Honda become operational.
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Image: Overhead view of rendering of GAC Honda’s new EV plant. Credit: Honda Motor Co., Ltd. and its subsidiaries and affiliates.
