AutoBeta(AutoBeta.net)04/12 Report--

Takahiro Hachigo, chief executive of Honda, said at the launch ceremony that sales in China will surpass those of the US in two to three years, and it is necessary to expand production capacity, according to Reuters.

Baxiang Takahiro does not expect a significant increase in sales in the United States, and hopes that sales in China will surpass those in the United States.

In 2018, Honda sold about 1.7 million new cars in the United States, compared with 1.4 million in China, a gap of only 300000.

Dongfeng Honda's third plant in Wuhan has been officially put into production, and the project is planned to be implemented in two phases, with an additional annual production capacity of 120000 vehicles in the first phase, the first offline model is CR-V, and then Honda's hybrid, plug-in hybrid and pure electric models will be produced. In addition, Dongfeng Honda's first and second plants have a total annual production capacity of 512000 vehicles, which means that Dongfeng Honda's annual production capacity has reached 632000 vehicles. Dongfeng Honda sold 720000 vehicles in 2018.

The latest sales figures show that Honda surged 25.8 per cent to 122700 vehicles in China in March from a year earlier, and Honda's cumulative sales in the January-March period reached 335000, up 11.4 per cent from a year earlier.

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