Chinese joint venture GAC Honda has begun construction of a new electric vehicle factory in Guangzhou, Guangdong. The GAC Honda e:NP1 electric SUV has also gone on sale in China.
As it became known, the plant will produce 120,000 electric vehicles per year, and its production is scheduled to begin in 2024. The amount of investment is likely slightly higher than expected: Honda confirmed that the plan includes an investment of 3.49 billion yuan (about 490 million euros). Earlier it was about 2.99 billion yuan.
The automaker hasn't specified which GAC Honda models it will produce at the new plant, but it will only be electric vehicles. Honda plans to release ten electric models by 2027 through its joint ventures with GAC and Dongfeng. With the new plant, GAC Honda will have a production capacity of 890,000 vehicles in 2024, along with 840,000 Dongfeng-Honda units, the Japanese manufacturer will have a total of 1.73 million vehicles in China. This amount already includes the all-electric vehicle plant announced by Honda with joint venture partner Dongfeng. From 2024, Wuhan will also be able to produce up to 120,000 electric vehicles per year.
In addition to starting construction of the Guangzhou plant, GAC Honda has also started selling the e:NP1 electric SUV in China after Dongfeng-Honda started selling the e:NS1 and e:NP1.