nting for nearly 80% of sales Strategic plan: Production and sales to reach 3.5 million units by 2025 and full electrification by 2035 Own-brands: Trumpchi to focus on hybrid technology; Aion to develop/produce its own batteries and electric drives Foreign-affiliated joint ventures: GAC Toyota, GAC Honda, and GAC Mitsubishi to enhance NEV production capacity CASE: Developing connected and new energy core technologies and accelerating transformati...

Market & Tech Reports  Updated at: 2022/10/05

p’s smart project taking place in its home city of Guangzhou, with plans to transition from a conventional manufacturing-centric company to a mobility service provider. Among the Group’s joint ventures, GAC has JVs with 3 out of 4 of the Japanese OEMs that produce passenger vehicles, namely GAC Honda, GAC Toyota, and GAC Mitsubishi, all of which are steadily increasing their vehicle sales and contributing to the increase in the GAC Group’s ...

Market & Tech Reports  Updated at: 2019/05/20

51,839 XR-V 165,358 163,550 Compact sedan City 78,177 67,626 GREIZ 46,651 28,983 Mid-sized car Accord 134,821 155,341 Inspire - - Large SUV Avancier 4,633 85,951 UR-V - 39,909 Minivan Odyssey 44,058 39,913 Elysion 30,110 40,921 Other major models Fit 114,818 110,229 CR-V 187,133 187,641 Crider 92,431 103,321 Civic 90,507 176,457 Crosstour 9,877 37 JADE 40,975 41,871 Other 4,818 25 Other 34,971 47,693 Acura vehicle 8,413 16,348 -...

Market & Tech Reports  Updated at: 2018/10/05

nda and Everus brand vehicles, as well as aftermarket parts. The second business department will handle the sales of domestic and imported Acura vehicles and aftermarket parts. Prior to the company's establishment, sales and aftermarket parts for Guangqi Honda brand vehicles were handled by Guangqi Honda, and imported Acura brand vehicles were handled by Honda Motor (China) Investment Co., Ltd. Third plant comes online * The automaker's third p...

Market & Tech Reports  Updated at: 2016/09/08

ry compact sport utility vehicle (SUV) and Accord hybrid vehicle (HV). It appears the company has a goal in 2016 for sales of over 1 million units in China.   In preparation for future growth in sales, Guangqi Honda Automobile Co., Ltd., a joint venture (JV) between Guangzhou Automobile Group and Honda, began operations at its third plant (annual production capacity of 120,000 units) in September 2015. Currently the Fit subcompact car is being ...

Market & Tech Reports  Updated at: 2016/01/18

3 To expand annual engine production capacity to 1.06 million units in and after 2015 Reference 1: Honda's Vehicle Production Volume Reference 2: Passenger car sales by Honda's Chinese JVs (by JV, brand, vehicle type and model)  This report describes the latest trends in the production efforts of Honda, which is actively strengthening its production capacity in China.  The production and sales of Honda's vehicles in China had favorably grown u...

Market & Tech Reports  Updated at: 2014/10/09

 Honda aims to overtake Nissan Motor Co., Ltd. in the medium-to-long term and Volkswagen AG in the long term in car sales in China. In 2013, Honda's sales volume (on factory shipment basis) increased by 24.4% y/y to 781,000 units, thanks to the fully remodeled Accord and the introduction of the new Crider and new Jade.   On the other hand, the company's sales results for the period from January through July 2014 showed a little more than a 5% i...

Market & Tech Reports  Updated at: 2014/10/03

,579 1,860 Ratio of emerging market total in worldwide total 35.4% 36.3% 33.4% 35.4% 36.5% 38.5% 50.0% Worldwide total 3,392 3,512 3,108 4,014 4,323 4,830 6,000 Source: Honda's consolidated financial results (Notes) 1. "Honda Group unit sales" means all the complete vehicle units sold by Honda, its consolidated subsidiaries, and companies that are its subsidiaries based on the equity method of accounting. Based on this, units sold by i...

Market & Tech Reports  Updated at: 2014/05/27

n locally produced from 2013 and Kia's local brand concept car Qoros Auto presented sedans for production from 2013 and two new models to be released.  This article will report on exhibits from eight passenger car OEMs from countries including Japan and South Korea (Japanese OEMs: Toyota, Nissan, Honda, Mazda, Mitsubishi, and Suzuki; South Korean OEM: Hyundai-Kia; Chinese-Israeli joint venture: Qoros Auto) based on information compiled by MarkL...

Market & Tech Reports  Updated at: 2013/06/17