Market Chatter: Honda to Halve Engine Output at Guangzhou Plant Amid EV Shift

MT Newswires Live

Mar 11, 2025

Honda Motor (TYO:7267) plans to halve engine production at its Guangzhou plant in China this month, reducing capacity to 520,000 units annually, as it struggles with rising EV competition and falling sales, Kyodo News reported Tuesday.

The cut at Dongfeng Honda Engine, a joint venture with a local automaker, will affect about 30% of Honda's gasoline-powered vehicle sales in China.

Honda's China sales fell about 30% to 850,000 units in 2024, a 10-year low. Since last year, the company has closed or suspended operations at three of its seven Chinese assembly plants.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (JPY): $1447.50, Change: $+3.5, Percent Change: +0.24%

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Since last year, the company has closed or suspended operations at three of its seven Chinese assembly plants.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p><p>Price (JPY): $1447.50, Change: $+3.5, Percent Change: +0.24%</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2518766815","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2518766815","pubTimestamp":1741675341,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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