Honda was revealed to have cut production capacity of 500,000 fuel vehicles in China and closed or suspended two factories.

July 25 news, based on reports from Reuters and Nikkei, Honda Motor today announced a major adjustment plan to optimize its production layout in the Chinese market, including closing one factory and suspending vehicle production at another factory. This move marks the official start of Honda's production capacity reduction of gasoline vehicles in China, the world's largest auto market. It is expected that the production capacity reduction will reach 30%, about 500,000 vehicles, equivalent to one-tenth of Honda's global production. This move will not only reduce Honda's annual production capacity of gasoline vehicles in China from the current 1.49 million units to 1 million units, but will also set a record for the largest production reduction among Japanese car companies.

1. Honda will close or cease production of twogasoline vehicle factories in China.

2. Among them, the factory in Guangzhou will be officially closed in October this year, and another factory in Wuhan plans to suspend production starting in November.
3. Currently, Honda’s production capacity in China has far exceeded that of the United States, becoming one of the largest production bases in the world.
Another Japanese car manufacturer
4. Nissan announced the closure of its gasoline vehicle factory in Jiangsu, resulting in a tenth reduction in its annual production capacity in the Chinese market.
Nissan said it is considering further closing factories to optimize resource allocation and solve the
5. overcapacity problem. -->

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