Employees work on a production line inside a Dongfeng Honda factory after lockdown measures in Wuhan, the capital of Hubei province and China’s epicentre of the novel coronavirus disease (COVID-19) outbreak, were further eased, April 8, 2020. REUTERS/Aly Song
TOKYO, Jan 6 (Reuters) – Honda Motor Co (7267.T) and its Chinese joint venture partner Dongfeng Motor (0489.HK) 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 (601238.SS).
Register now for FREE unlimited access to Reuters.com
Register
Reporting by Chang-Ran Kim
Editing by Shri Navaratnam
Our Standards: The Thomson Reuters Trust Principles.