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According to Fast Technology on July 26,HondaThe production capacity of gasoline vehicles will be cut by 30% in China, the world's largest automobile market.

Honda plans to cut production capacity by about 500,000 vehicles, equivalent to 10% of Honda's global production, through measures such as closing factories.

Today, Honda China responded to the relevant reports:Honda China is optimizing its production capacity and accelerating its electrification transformation.

Honda currently has seven automobile production lines in China, with a total annual production capacity of 1.49 million units.

Guangzhou AutomobileHonda plans to close its fourth production line with an annual production capacity of 50,000 units in October 2024; Dongfeng Honda plans to shut down its second production line with an annual production capacity of 240,000 units in November 2024.

After the adjustment, Honda's total automobile production capacity in China increased from 1.49 million units to 1.2 million units.

Honda is further accelerating its electrification transformation in China. The new Dongfeng Honda dedicated electric factory under construction will be put into production in September 2024, and the new GAC Honda new energy factory will be put into production in November 2024.

It is reported that Honda has a total of 7 gasoline vehicle factories in the Chinese market with an annual production capacity of about 1.49 million vehicles. After this capacity adjustment, Honda will reduce its production capacity in China by 290,000 vehicles.

In addition, Honda has been increasing its production investment in China since the 1990s.Honda's production cut this time is the first production cut in Honda China in more than 20 years.