Honda Automobile (China) Co., Ltd. was a joint venture of
Honda (65%),
GAC Group (25%) and
Dongfeng Motor Group (10%), incorporated on 8 September 2003. It was located in
Guangzhou. Dongfeng and GAC had formed separate joint venture with Honda as
Dongfeng Honda (in July 2003) and
Guangqi Honda (in 1998) respectively. In 2018, Dongfeng made a public invitation to buy their stake in Honda China. It was reported in 2004, that the joint venture would export most of their products to Europe, as well as Southeast Asia. Exports to Canada commenced in 2011. As of 2016, the plant exports mainly to the Middle East, Latin America, Russia and Africa. On 1 April 2020, Guangqi Honda joint venture officially absorbed the plant and renamed it as the
Guangzhou Development District Factory. The absorbed plant will produce up to 50,000 vehicles annually, boosting total annual production capacity of Guangqi Honda to 770,000 units per year. Under the new name the plant will begin producing
Accord for the Chinese domestic market, while continuing to produce and export the
City model for the Mexican market up to 2020. ==Footnotes==