Honda Motor Co.’s China joint venture will build an electric-vehicle production plant in Wuhan as the Japanese automaker targets the world’s largest car market to drive its EV expansion.
The factory will begin operating in 2024, with an annual capacity of 120,000 vehicles, Honda said a statement Thursday. It will conduct complete processes of production from stamping to welding and vehicle inspection, and will automate much of the assembly line, the statement said.