7267.T

GAC Honda Begins Construction of New EV Production Plant

Retrieved on: 
Wednesday, June 22, 2022
Carbon, EV, Dongfeng Honda, GAC, Guangzhou Economic and Technological Development Zone, Bi-Metallic Investment Co. v. State Board of Equalization, Motor vehicle, Renewable energy

BEIJING, CHINA, June 22, 2022 - (JCN Newswire) - Honda Motor (China) Investment Co., Ltd., a wholly-owned Honda subsidiary in China, announced that GAC Honda Automobile Co., Ltd. (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 EV production system and capability in preparation for an increase in the number of EV models in its product lineup.

Key Points: 
  • BEIJING, CHINA, June 22, 2022 - (JCN Newswire) - Honda Motor (China) Investment Co., Ltd., a wholly-owned Honda subsidiary in China, announced that GAC Honda Automobile Co., Ltd. (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 EV production system and capability in preparation for an increase in the number of EV models in its product lineup.
  • GAC Honda?s new EV plant will become a symbolic production operation that supports a broad EV lineup that GAC Honda will roll out in the coming years.
  • It also will serve as a core operation of Honda EV production in China, together with the new EV plant which will be built by Dongfeng Honda Automobile Co., Ltd. (Dongfeng Honda) and is 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.

Sony and Honda Sign Joint Venture Agreement to Establish New Company, "Sony Honda Mobility Inc.", to Engage in Mobility Business

Retrieved on: 
Thursday, June 16, 2022
Mobile field force, Senior, Safety, Environment, Technology, CEO, Comment, Knowledge, EVS, Sony, Representative, Digital technology, COO, Social change, Sale, Motor vehicle, Mobile phone, Management

TOKYO, June 16, 2022 - (JCN Newswire) - Sony Group Corporation ("Sony") and Honda Motor Co., Ltd. ("Honda") announced today that they have signed a joint venture agreement to establish a new company to engage in the sale of high-value-added electric vehicles (EVs) and provide services for mobility.

Key Points: 
  • TOKYO, June 16, 2022 - (JCN Newswire) - Sony Group Corporation ("Sony") and Honda Motor Co., Ltd. ("Honda") announced today that they have signed a joint venture agreement to establish a new company to engage in the sale of high-value-added electric vehicles (EVs) and provide services for mobility.
  • Sony and Honda plan to establish the new company within 2022 and to begin the sale of EVs and provision of services for mobility in 2025.
  • The establishment of the new company and the start of business are subject to relevant regulatory approvals.
  • We are very pleased to have signed a joint venture agreement with Sony, which has strengths in advanced digital technology, and shares our desire to take on new challenges.