News Releases 2015

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Corporate
China
October 20, 2015

Guangqi Honda Holds Opening Ceremony for Third Automobile Plant and New Engine Plant

GUANGZHOU, China, October 20, 2015 - Guangqi Honda Automobile Co., Ltd. (GHAC), an automobile production and sales joint venture of Honda in China, today held a ceremony to commemorate the opening of its third automobile production plant and an engine plant within the property of the existing ZengCheng Plant. The ceremony was attended by dignitaries, guests and representatives from the local governments of Guangzhou as well as Honda executives including Takahiro Hachigo, president & CEO; and Seiji Kuraishi, chief operating officer for regional operations in China.

Built as an eco-plant that combines various smart features, the third plant adopts Honda's most advanced production technologies while minimizing the footprint of the building. This plant achieves significant advances in areas of production efficiency, product quality, energy conservation and environmental responsibility. Moreover, the third plant is an environmentally-responsible and energy-saving plant equipped with a solar power generation system with a 17 mega kilowatt-capacity, the largest* capacity solar power generation system installed by an automaker in China.

The third plant began automobile production in September of this year with initial annual production capacity of 120,000 units. Combining annual production capacity of all GHAC and Dongfeng Honda plants, Honda's overall annual automobile production capacity in China exceeds 1 million units.

* Honda internal research (as of October 2015)

Honda's Annual Automobile Production Capacity in China

Company Plant As of October 2015
Guangqi Honda HuangPu Plant 240,000 units
ZengCheng Plant 240,000 units
3rd Plant 120,000 units
Subtotal 600,000 units
Dongfeng Honda 1st Plant 240,000 units
2nd Plant 240,000 units
Subtotal 480,000 units
Honda Automobile (China) (export only) 50,000 units
Total 1.13 million units

About Guangqi Honda Automobile Co., Ltd.

Established: July 1998
Capital Investment: US$283.29 million
Capitalization Ratio: 50% Guangzhou Automobile Group Co., Ltd.
40% Honda Motor Co., Ltd.
10% Honda Motor (China) Investment Co., Ltd.
Location: Guangzhou City, Guangdong Province, China
Representative: Yasuhide Mizuno, President
Employment: Approximately 10,100 associates (as of October 2015)