As the electrification trend rises, Guangqi Honda looks to the future: it will stop selling fuel-powered models in 2027

According to news on October 27, GAC Group announced in its latest quarterly results release that GAC’s “Two Fields” joint venture is actively responding to the “new joint venture era” of the Chinese automobile industry, and its electrification strategy has achieved initial results. .

It is understood that Guangqi Honda has a clear plan for its new car layout. The second pure electric model of the e:NP brand is planned to be officially launched in 2024. Starting from 2027, Guangqi Honda will no longer launch new pure fuel models. It is expected that by 2035, all models sold by Guangqi Honda in China will be 100% electrified. The core goal of this strategy is to promote carbon neutrality and increase global production of pure electric vehicles to more than 2 million units by 2030.

In addition, Guangqi Honda also announced that their first green low-carbon electric vehicle factory, called the "Digital Intelligence" factory, is scheduled to be completed and put into production next year, with an annual production capacity of 120,000 vehicles. This factory will play a key role in promoting electrified production.

GAC Honda’s Vice President Shinji Aoyama once said that in order to achieve higher standards, Honda plans to implement the plan originally scheduled for 2030 three years ahead of schedule, that is, starting from 2027, they will It will no longer launch new fuel models in the Chinese market, but will all turn to electrified models such as HEV and BEV to expand the product line of electric models.

Currently, GAC Honda’s “e:N” electrified brand has begun sales in the Chinese market and plans to launch more new models in the future. According to the company, the new models "e:NS2" and "e:NP2" will be launched in early 2024. Subsequently, Guangqi Honda plans to launch 10 anticipated electric models by 2027.

Although Guangqi Honda’s electrified models achieved cumulative sales of 231,300 vehicles in 2022, the monthly sales of its “e:N” series of pure electric models Basically, the number remains below 1,000 vehicles. This makes it face a large gap in the competition with leading joint venture brands such as Volkswagen and Buick. Current market trends show that the market share of Japanese fuel-powered models continues to decline. However, the acceleration of Guangqi Honda's electrification strategy is expected to enhance its competitiveness in the Chinese market.

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