How many joint ventures does Honda have in China?
2 Answers
Honda refers to Honda Motor Co., Ltd., which is the world's largest motorcycle manufacturer and also ranks among the top ten automobile manufacturers in terms of production volume and scale. Currently, it has two manufacturers in China. Below is the relevant information: 1. Guangzhou Honda: Guangqi Honda Automobile Co., Ltd. was established on July 1, 1998. It is a joint venture formed by Guangzhou Automobile Group Co., Ltd. and Honda Motor Co., Ltd., with each party holding a 50% stake. The cooperation period is 30 years. 2. Dongfeng Honda: Dongfeng Honda Automobile Co., Ltd. is a vehicle production and operation enterprise jointly established by Dongfeng Motor Group Co., Ltd. with a 50% stake, Honda Motor (China) Investment Co., Ltd. with a 10% stake, and Honda Motor Co., Ltd. with a 40% stake.
As a seasoned car enthusiast, I've been following Honda's presence in China for many years. Honda currently has two major joint ventures in China: GAC Honda and Dongfeng Honda. GAC Honda was established in 1998, with its headquarters in Guangzhou. It produces classic sedans like the Accord and has done an excellent job in localization, with a widespread service network. Dongfeng Honda was founded in 2003, with its base in Wuhan, and its main models include the Civic and CR-V, which are quite practical SUVs for city driving. The joint venture model allows Honda to quickly adapt to Chinese market demands, such as environmental policies, offering fuel-efficient and affordable vehicles. I believe understanding this background is very helpful when choosing a car, especially for first-time buyers. Purchasing through official channels can help avoid parallel imports and ensure after-sales service. Judging by sales figures, both plants are doing quite well, showing Honda's deep roots in China.