Japan's Honda is building a new factory in China as it looks to reach further into the booming Chinese auto market, though nothing official has as yet been announced. This would also mark a 20% boost from Honda's current Chinese factory capacity of 1.08 million units - it already has several factories in China. Honda, along with its partner Dongfeng Motor Group, is experiencing explosive growth in China with sales for the joint venture rocketing 48% for the year to date, primarily due to the popularity of the XR-V SUV, as well as the recently launched Dongfeng sedan. In China, vehicle sales strengthened in September for a consecutive fifth month, rising to a three-and-a-half year high.
Japan's Honda is building a new factory in China as it looks to reach further into the booming Chinese auto market, though nothing official has as yet been announced. This would also mark a 20% boost from Honda's current Chinese factory capacity of 1.08 million units - it already has several factories in China. Honda, along with its partner Dongfeng Motor Group, is experiencing explosive growth in China with sales for the joint venture rocketing 48% for the year to date, primarily due to the popularity of the XR-V SUV, as well as the recently launched Civic sedan. In China, vehicle sales strengthened in September for a consecutive fifth month, rising to a three-and-a-half year high.