Honda Automobile (China) Company is a joint venture of Honda, Dongfeng Motor and Guangzhou Automobile Group. It manufactures automobiles in an auto plant dedicated exclusively to exports from China which has an annual production capacity of 50,000 units. The company is 65% owned by Honda. Most of the production are exported to Europe.
The company was established in September 2003. Mass production began in April 2005 and first export of Honda Fit took place in June 2005. The company is the first passenger car maker in China to begin full-scale exports to Europe.
Famous quotes containing the words automobile and/or company:
“For a woman to get a rewarding sense of total creation by way of the multiple monotonous chores that are her daily lot would be as irrational as for an assembly line worker to rejoice that he had created an automobile because he tightened a bolt.”
—Edith Mendel Stern (1901–1975)
“Attending upon a prince is as dangerous as keeping company with a tiger.”
—Chinese proverb.