Honda Electric electric motor Firm verified it intends to minimize its engine manufacturing ability in China, as it encounters increasing overcapacity due to multiplying competitors from regional manufacturers and dropping demand for interior burning engine (ICE) vehicles in the nation.
The Japanese automaker specified it will definitely shut among both engine production line at its Dongfeng Honda Engine Company joint endeavor in Guangzhou in southerly China at the end of March, as it changes its emphasis to producing battery electrical cars (BEVs) for the neighborhood market and for export. Engine manufacturing capability at the plant will absolutely be cut in half to 260,000 units each year, from 520,000 presently.
An agent from the business confirmed that the reduction in ability would definitely match regarding 30% of the vehicle maker’s sales of gasoline-fueled vehicles in the area. Honda taped a 31% reduction in vehicle sales in China in 2024, reaching a ten-year nadir of 852,000 devices. In 2014, the company experienced considerable repair in the area, resulting in the closure or temporary suspension of procedures at 3 facilities in Guangzhou and Wuhan.
A short write-up identified “Honda to lower engine manufacturing capacity in China” was initial produced and released by Simply Automobile, a subsidiary of GlobalData.
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