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Honda plans China factory expansion to make 120,000 more EVs

$462m investment in Guangzhou will boost automaker's Chinese capacity 10%

A Honda dealership in Guangzhou: The automaker will boost production of electric and plug-in hybrid vehicles in China. (Photo by Takashi Kawakami)

GUANGZHOU -- Honda Motor plans to ramp up its capacity to build electric cars and other so-called new-energy vehicles in China, Nikkei has learned, as the Japanese automaker aims to catch up with rivals in this segment of the world's largest auto market.

Honda will invest about 3 billion yuan ($462 million) through a joint venture to expand an existing factory in the southern city of Guangzhou.

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