Honda Motor (China) Investment announced that GAC Honda Automobile, a Honda automobile production and sales joint venture in China, began construction of its new EV plant, taking a forward step in establishing a suitable EV production system and capability in preparation for an increase in the number of EV models in its product lineup.GAC Honda’s dedicated EV production plant will be newly constructed on a lot with the size of 400,000 square meters within the Guangzhou Economic and Technological Development District in Guangzhou City in Guangdong Province in China. The plant is targeted to begin operation in 2024 with an annual production capacity of 120,000 units.With an initial investment plan of CNY 3.49 billion, the plant will proactively pursue sustainable initiatives including the use of solar power and other renewable energy sources. Moreover, by adopting a number of advanced production technologies, GAC Honda will strive to make it a highly efficient, smart and low-carbon EV plant.In China, Honda is planning to introduce 10 e:N Series EV models by 2027. GAC Honda’s new EV plant will become a symbolic production operation that supports a broad EV lineup that GAC Honda will roll out in the coming years. It also will serve as a core operation of Honda EV production in China, together with the new EV plant which will be built by Dongfeng Honda Automobile Co and is planned to begin operation in 2024.In 2024, when both the GAC Honda and Dongfeng Honda new EV plants become operational, Honda will have a total base annual automobile production capacity of 1.73 million units.