Where are Honda's production bases located?
1 Answers
Honda, officially known as "Honda Motor Co., Ltd.," is a multinational automobile manufacturer listed on both the Tokyo Stock Exchange (TYO) and the New York Stock Exchange (NYSE). Dongfeng Honda's factory is located in Wuhan City, Hubei Province. Guangqi Honda currently has two production sites: the Huangpu Plant and the Zengcheng Plant. Honda is jointly established as a vehicle production and operation company with 50% investment from Jiangling Motors Holding Group Co., Ltd., 10% from Honda Motor (China) Investment Co., Ltd., and 40% from Honda Motor Co., Ltd. of Japan. Differences between Dongfeng Honda and Guangqi Honda: Establishment Background: Although both belong to the Honda enterprise, due to different establishment times, Guangqi Honda has more competitive advantages and is more experienced than Dongfeng Honda. The product positioning of the two automakers differs: Guangqi Honda focuses more on the manufacturing of business-oriented vehicles, while Dongfeng Honda emphasizes the production of younger models. Different Brands: Both automakers have numerous sub-brands. For example, Guangqi has models like the Crosstour and Accord, while Dongfeng mainly produces the Civic and Greiz. These sub-brands attract many customers to their respective brands. Sales Differences: Despite being under the Honda brand, they adopt different sales strategies. Relevant data shows that Guangqi Honda performed exceptionally well in the first half of the year, with overall sales exceeding Dongfeng Honda by tens of thousands. Therefore, in recent years, whenever Honda's sales are mentioned as sluggish, it generally refers to Dongfeng Honda. Quality Differences. Dongfeng Honda: On April 1, 2004, Dongfeng Honda's first plant began production. On July 10, 2012, the second plant was operational. On April 12, 2019, the third plant started production, with an annual capacity of 120,000 units, meeting the production conditions for new energy vehicles. The combined annual capacity of the three plants reached 632,000 units in 2019. Guangqi Honda: Guangqi Honda Automobile Co., Ltd. (formerly Guangzhou Honda Automobile Co., Ltd.; abbreviated as Guangqi Honda) was established on July 1, 1998. It is a joint venture between Guangzhou Automobile Group Co., Ltd. and Honda Motor Co., Ltd. of Japan, with each holding a 50% stake and a cooperation period of 30 years. Guangqi Honda currently has over 8,000 employees. Its main products include the Avancier SUV series, Accord sedan series, Odyssey multi-purpose series, Lingpai sedan series, City sedan series, Fit sedan series, and the self-owned brand Everus sedan series, totaling over 30 models across seven series.