Record breaking Honda plans to cut fuel-vehicle production capacity by 30%

Recently, according to media reports, Honda plans to reduce its fuel vehicle production capacity by about 30% in the Chinese market.

It will reduce its production capacity by about 500,000 vehicles through measures such as factory closures, which is equivalent to about 10% of Honda’s global production.

Record breaking Honda plans to cut fuel-vehicle production capacity by 30% , it is reported that Honda’s move will set the largest reduction in production by Japanese car companies.

Honda’s gasoline vehicle production capacity in China will be reduced from 1.

49 million to 1 million units.

Honda will close or suspend production of two fuel vehicle factories in China.

One factory in Guangzhou will close in October, one factory in Wuhan will stop production in November, and another factory in Guangzhou may also stop production.

After closing the two factories, Honda still has five factories in China.

Reported that due to the impact of price wars among Chinese car companies, Honda’s sales in June fell 40% year-on-year.

However, China is still the world’s largest auto market, and Japanese car companies are accelerating their transformation and accelerating the launch of pure electric vehicles and plug-in hybrid vehicles to reverse the situation.

(Compiled/Car Home Qin Chao), return to the home page of First Electric Network>,.

Link to this article: https://evcnd.com/record-breaking-honda-plans-to-cut-fuel-vehicle-production-capacity-by-30/

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