Honda Motor, along with the electric vehicle company it founded in partnership with Sony, whose name we told you recently, is in this area. that you intend to make a large investment had announced.

Now it has been learned that the auto giant will make a huge investment in its electric vehicle manufacturing plant, the Guangzhou Automobile Group in China. Let’s take a look at the details of Honda’s investment together.

Honda to invest $522 million in electric vehicle factory in China

Honda Motor has purchased an electric vehicle factory in China’s Guangdong Province for 3.49 billion yuan ($522 million) announced its plans to invest. The electric vehicle factory, a joint venture with Guangzhou Automobile Group, 120,000 pieces production with its capacity The goal is to be operational by 2024.

Honda also said another electric car factory in China, in a joint venture with Dongfeng Motor Group, will start operations in 2024. The Japanese automaker expects annual car production capacity in China to increase by about 16% in two years. to reach 1.73 million units predicts.

Honda looks keen to strengthen partnerships after shareholder criticism that its electric vehicle strategy is lagging behind other major manufacturers. What do you think? Please don’t forget to share your thoughts with us in the comments.