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Wuhan on track to become auto giant

6 March 2013
A report from Wuhan Reform and Development Commission revealed that construction of the General Motors Auto Industry Zone is on target and that the assembly line will start initial production in June 2014. By the end of next year, the plant will have an annual production capacity of 300,000 cars. By 2015, capacity will double to 600,000 cars a year. The report added that Wuhan’s dream of becoming an auto giant with a capacity of 3m cars a year ‘will not be too far away’.

Honda completed the construction of its second plant in Wuhan last July, doubling its capacity to 480,000 cars. According to local media reports, sales in 2012 reached 282,000 units, up 10.5 per cent over the previous year. Honda is the only Japanese car manufacturer that saw growth in China last year, amid waves of anti-Japanese sentiment following territorial disputes between the two countries.

According to figures from the China Automobile Association, 19.31m cars were sold across China in 2012, up 4.33 per cent year-on-year. The number of Japanese models sold was 2.54m, down by 10.4 per cent. The market share of all Japanese car manufacturers in China slid from 19.4 per cent to 16.4 per cent. This year, Honda aims to sell 340,000 cars.

Dongfeng Peugeot Citroen Automobile, another car giant based in Wuhan, reported total sales of 440,000 cars last year, up by almost 9 per cent over the previous year.

     
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