Leju Finance Wang Min On January 5, Guangzhou Automobile Group Co., Ltd. (hereinafter referred to as "GAC Group") released the December 2021 production and sales express report, of which GAC Honda's December car sales were 78,400 units, down 3.54% year-on-year; the cumulative sales of Honda Automobiles from January to December were about 780,300 units, down 3.17% year-on-year.
Guangqi Honda was established on May 13, 1998, with Li Shao as the legal representative and a registered capital of US$541 million. The company's business scope is automobile sales, auto parts wholesale, machinery and technical consulting, etc. The company is 50% owned by Guangzhou Automobile Group Co., Ltd., 40% owned by Honda Giken Industrial Co., Ltd., and 10% owned by Honda Giken Industrial (China) Investment Co., Ltd. The company has 4 foreign investment enterprises, including Honda Motor (China) Co., Ltd.
Source: Leju Finance
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