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Guangzhou Honda Automobile Co. has become China's fourth carmaker - after Shanghai Volkswagen, FAW Volkswagen and Shanghai General Motors - to produce 1 million cars, the company's Beijing office announced on Sunday.

The Sino-Japanese carmaker, established in 1998, increased its annual output from 10,000 cars in 1999 to 260,000 in 2006.

Despite being a latecomer to manufacturing in China, Japanese auto giant Honda has increased its market share by leaps and bounds by introducing a series of new models to the country, taking an aggressive pricing approach, and tuning in to the needs of local buyers, said analysts.

Guangzhou Honda brought out the hugely popular Accord in 1999 to fill a gap in the Chinese market for high-end private cars. In 2003, when the older model was still selling well, Honda pulled it from the production line and introduced a new, relatively inexpensive successor, forcing down the prices of similar vehicles.

The Sino-German carmaker Shanghai Volkswagen, established in 1985 as China's first joint venture carmaker, produced its 3 millionth car in 2005.

FAW Volkswagen, established in 1991, made its 1 millionth car in 2004, while Sino-American Shanghai General Motors took eight years to turn out 1 million cars after being set up in 1997.

China currently has 30 sedan manufacturers currently, nine of which produce more than 200,000 units a year.

Source: Xinhua
 

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Honda China joint ventures' Oct car sales 35,292 units, up 26.7 pct yr-on-yr

BEIJING, Nov 13, 2007 (XFN-ASIA via COMTEX) -- HMC | charts | news | PowerRating -- Honda Motor Co said its two car joint ventures in mainland China sold 35,292 cars in October, up 26.7 pct year-on-year.

In a statement, Honda said that in the first 10 months, car sales at the two ventures rose 30.9 pct year-on-year to 332,378 units.

Guangzhou Honda Automobile Co Ltd, a 50-50 joint venture with Guangzhou Automobile Group, sold 231,720 vehicles during the first 10 months, up 12.1 pct year-on-year, with sales in October up 13.5 pct at 23,943.

Sales at another Honda China joint venture, Dongfeng Honda Automobile Co Ltd, surged 113.9 pct from a year ago to 100,658 units during the January-October period, while October sales rose 67.5 pct to 11,349.
 

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Guangzhou Honda to make new Honda sedan.

April 16, 2008 - Guangzhou Honda Automobile Co. will produce a new Honda-badge sedan mounted with a 1.8-liter gasoline engine, with sales expected to start sometime in 2009, sources from the company and a supplier say.

Sources say Honda Motor Co. is now developing the new car based on the chassis of the City sedan. The City, currently being built in Guangzhou Honda, is the sedan version of the Fit compact hatchback.

"We call it the new generation of City internally, but the car will probably have a new name because it will have a completely new shape," says an engineer from Guangzhou Honda.

The new car will also have a bigger size than the City. "Its size will be similar to that of Civic," the engineer adds.

It is still unknown when Guangzhou Honda will start mass producing the new car, but another source from the company and a supplier source predict sales will begin sometime in 2009.

"We haven't started sourcing components for the new model yet," says the Guangzhou Honda source.

Guangzhou Honda's existing products are priced either below 140,000 yuan ($20,000) or above 180,000 yuan ($25,700).

Details on the pricing of the new car are not available. But it is expected to be priced at roughly the same level of Civic. Dongfeng Honda Automobile Co, the Civic's producer, sells the Civic for 150,000-180,000 yuan ($21,430-25,700).

As a result, the new car is likely to fuel competition between Honda's two joint ventures in China: Guangzhou Honda and Dongfeng Honda.

The sources also say Guangzhou Honda will stop producing the current City model after the new car is launched. Instead, it will launch a self brand model.

"The self brand car will be a facelifted version of the current City," says the Guangzhou Honda engineer. "So a new car will carry a 1.8-liter engine while the existing City will be redesigned into Guangzhou Honda's self brand car," he adds.

Guangzhou Honda set up an r&d center in Guangzhou last year to develop new models that will be sold under Guangzhou Honda's self brand. Sales of the first self brand model will begin in 2010.

At present, Guangzhou Honda also produces the Odyssey van and Accord sedan besides the Fit and City models, while Dongfeng Honda is making the C-RV SUV and the Civic sedan.
source: Automotive News China
 

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Guangzhou Honda may add Freed to its lineup

May 30, 2008 - Guangzhou Honda is reported to build another Honda's minivan, called Freep, in its plant. The vehicle is forecast to be priced between 100,000 yuan ($14,414) and 150,000 yuan in the Chinese market.

The Freed is based on the Honda Fit, and will seat five to eight people depending on the car's configuration. It's powered by a 118 hp 1.5L engine, hooked up to a CVT.

Honda said it expects to sell 4,000 Freeds a month in Japan, Bloomberg reported yesterday. The model will be priced between 1.64 million yen ($15,600) and 2.26 million yen in Japan.

The minivan is the first of four new models Honda plans to add to its lineup this year as record gasoline prices boost demand for fuel- efficient small cars in Japan, the report said.



source: Gasgoo.com
 
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