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January 7, 2022updated 21 Jan 2022 1:11pm

Dongfeng Honda to build an EV plant

Honda's Chinese JV is to build a dedicated EV plant aiming to be operational in 2024 with annual capacity of 124,000 units.

By David Leggett

Honda has announced that its Chinese JV, Dongfeng Honda Automobile Co., Ltd., is planning to build a new dedicated electric vehicle (EV) production plant to establish sufficient production system and capability in preparation for the expansion of its EV lineup in the coming years.

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Aiming to begin production in 2024, the new dedicated EV plant will be built in Wuhan Economic Development Zone in Hubei Province, China, with annual production capacity of 120,000 units.

Honda says the plant is designed to be capable of start-to-finish EV production and will conduct complete processes for EV production including stamping, welding, painting, assembly and complete vehicle inspection. The company also says the plant will strive to achieve an ‘industry-leading level of automation, mainly in the assembly area’.

The new plant will also ‘proactively pursue sustainability initiatives, which will include utilization of renewable energy sources such as solar power toward the realization of carbon neutrality, use of recycled water and other resource conservation measures and reduction of VOC (volatile organic compounds) emissions, a major source of air pollution.

Honda is targeting carbon neutrality by 2050.

Free Report
img

What does the future hold for the US electric vehicles market?

The US Electric Vehicles (EV) market has established itself as one to watch. Despite China maintaining the number one spot, the US holds significant standing as one of the major EV markets, with GlobalData’s whitepaper identifying a strong growth trajectory within the forecast period. This report further analyzes the trends, market drivers, and government incentives set to influence and facilitate the market.   This report also looks beyond the US and touches on environmental concerns set to drive the EV market worldwide.   Want to find out more? This report demonstrates GlobalData Explorer’s sector analysis capabilities, showing how you can:  
  • Get historical and forecast market sizing data, with country specific insight for 22+ of the world’s largest industries
  • Track sector dealmaking activity, to view aggregate volumes, specific deals and top investors for all major deal types in M&A, Capital Raising, and Partnerships
  • Analyze news from GlobalData Explorer’s News Database – enable screening and alerts by industry, company, geography and news sentiment for filtered insight
  • Identify and track the key disruptive trends that are keeping the top digital thought leaders talking through social media analytics
  Consult this report now to find out how you and your company can benefit from our Explorer platform.
by GlobalData
Enter your details here to receive your free Report.

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