Honda Motor (China) Investment, a wholly-owned Honda subsidiary in China, announced that GAC Honda Automobile (GAC Honda), a Honda automobile production and sales joint venture in China, began construction of its new EV plant, taking a forward step in establishing a suitable production system and capability in preparation for an increase in the number of models in its product line.
This dedicated EV factory would be newly constructed on a lot of 400,000m2 within the Guangzhou Economic and Technological Development District, Guangzhou City, Guangdong Province, China. The plant is targeted to begin operation in 2024 with an annual production capacity of 120,000 units.
With an initial investment plan of RMB3.49 billion, the plant will use solar power and other renewable energy sources.
In China, Honda is planning to introduce 10 e:N Series EV models by 2027.
The new plant will be a core operation of Honda EV production in China, together with a new EV plant which will be built by JV Dongfeng Honda Automobile (Dongfeng Honda) planned to begin operation in 2024.
In 2024, when both the GAC Honda and Dongfeng Honda new EV plants become operational, Honda will have a total base annual automobile production capacity of 1.73 million units.