Honda Motor is aiming to complete a planned capacity increase at its Wuhan car plant in China in three years, quadrupling potential annual output to 120,000 units to meet brisk demand, according to Reuters.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The report said Japan’s third-largest automaker can currently build 270,000 vehicles a year in China, after recently doubling capacity at its Guangzhou plant to 240,000 units.
Driven by healthy sales, Honda reportedly said it would consider broadening its product line-up at the Wuhan plant, owned jointly with Dongfeng Motor Corp, beyond the CR-V sport utility vehicle.
To facilitate future capacity expansion and model launches in the world’s fastest-growing major car market, Honda also said it would establish a local engineering company next month, Reuters said, adding that the subsidiary would be Honda’s fourth engineering company abroad, after the United States, Britain and Thailand.
Honda also plans to begin selling used cars at some of its dealers by the end of 2004, the report added.
