A new factory in China would be its seventh in the world's biggest car market. PHOTO: REUTERS
Honda Motor Co and its Chinese joint venture partner Dongfeng Motor said on Thursday they would build a new factory in Wuhan to exclusively manufacture electric vehicles (EVs) from 2024.
The factory would have a production capacity of 120,000 vehicles a year, Honda said in a statement.
Honda, Japan's second-largest automaker, is set to launch a new EV brand in China this year called e:N Series with plans to roll out 10 models with partners Dongfeng and GAC.
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