GUANGZHOU -- Japan's Honda Motor and partner Guangzhou Automobile Group will invest about 3.3 billion yuan ($477 million) to bolster production capacity for electric and other new-energy vehicles, hurrying to meet China's tightening requirements.
The Chinese automaker, known as GAC, said in a Wednesday stock exchange filing that a joint venture will add 170,000 units of annual capacity by building new facilities and remodeling existing ones. It did not say where the new facilities would be or when they would begin operating. The companies plan to make electric vehicles under GAC brands, Chinese media have reported.
