China attracts Japanese companies. Honda builds a factory of auto electric in Wuhan

Honda is preparing to build a factory of auto in the Chinese city of Wuhan, amid the Japanese company’s efforts to expand its business in the world’s largest auto market.

The plant should go in in function in 2024, with an annual production capacity of 120,000 auto.

It is worth noting that the Japanese automakers, reluctant to switch to auto electric, are now preparing and planning to invest tens of billions of dollars in quest’area, mainly for the Chinese market.

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