According to Caijing Auto, the second plant of Dongfeng Honda in the Wuhan Economic and Technological Development Zone has been taken over by Dongfeng Honda, which has transformed the plant into a new factory specializing in the production of pure electric vehicle models. Related reports pointed out that a source close to DPCA said, "At present, the production equipment in the second plant has been emptied, Dongfeng Honda will use the factory behind, and DPCA only retains the fountain and office building in front of the factory." ”
Finance network auto microblog
Caijing Network Automobile contacted the relevant person in charge of Dongfeng Honda automobile and Dongfeng Honda. Dongfeng Honda also confirmed the news. DPCA motor said: "In order to support DPCA, the government has repurchased the DPCA plant, and this part of the repurchased factory and land is used to support the development of other local enterprises, in fact, it is given to Dongfeng Honda to support them to further develop new energy." That is to say, the financial network auto has confirmed the authenticity of the report.
Why was the second plant of Dongfeng Honda taken over by Dongfeng Honda? According to the data, DPCA is a joint venture company jointly funded by Dongfeng Motor and PSA Group in 1992, and it owns two major automobile brands, Peugeot and Citroen. From the perspective of time, it is not late for DPCA to enter the Chinese market, but it has become one of the most miserable joint venture car companies. It is understood that at present, DPCA has four production bases in China, of which the first, second and third factories are located in Wuhan, Hubei Province, and the fourth factory is located in Chengdu, Sichuan, and the planned annual production capacity of these four factories is 300,000 vehicles, 150,000 vehicles, 300,000 vehicles and 360,000 vehicles, with a total planned annual production capacity of more than 1 million vehicles, of which the second factory is mainly responsible for the production of C5, C6, 508 and other models.
In December 2021, Dongfeng Motor Group produced and sold a report
The data shows that the total wholesale sales of DPCA in 2021 will be 100567 vehicles, an increase of 100.07% over 50267 units in 2020. Although DPCA has achieved rapid growth, but the capacity utilization rate is only about 10%, part of the increase in sales of DPCA is due to the excellent performance of the Versailles C5X model, which has become the main force of DPCA's sales in Chengdu, Sichuan Province, only four months after the launch of the Dongfeng Citroen Versailles C5 X model (listed on September 23, 2021), all manufactured by the DPCA Fourth Factory in Chengdu, Sichuan Province. According to the data, since the launch of dongfeng citroen Versailles C5 X in September last year, more than 12,000 vehicles have been successfully delivered in only one quarter, of which 513 in September, 1,530 in October, more than 5,000 vehicles in November and December, 5,037 in November and 5,060 in December. In view of this, DPCA has previously carried out a series of production capacity "slimming".
In fact, in October 2017, there were relevant reports that the second plant of DPCA Automobile will be transferred to Dongfeng Honda, and the first plant of DPCA is about to undergo large-scale upgrading, including the introduction of the production line of the models produced by the second plant. By August 2019, the relevant documents pointed out that the first plant of Dongfeng DPCA motor will be relocated to the third plant as a whole, and the existing one plant will be acquired by the government, and the second factory will be sold as a whole together with the equipment, and the potential buyers are Dongfeng Nissan and Dongfeng Honda. Since then, DPCA has begun to promote the capacity layout adjustment plan codenamed F99 internally, and the production capacity of the first plant in Wuhan has been transferred to the third plant, and the second plant has entered a state of shelving. At the same time, the Wuhan Economic Development Zone began to help DPCA deal with idle production capacity, collect and store the assets of DPCA automobiles and complete land regulation to meet the conditions for listing and transferring commercial land.
While Dongfeng Honda was dealing with overcapacity, Dongfeng Honda was undercapacity. Relevant information points out that Dongfeng Honda currently has three vehicle manufacturing plants in China. Among them, Dongfeng Honda No. 1 Plant was completed and put into operation on April 1, 2004, with an annual production capacity of 240,000 units, located in Wuhan Economic and Technological Development Zone; The Second Plant was completed and put into operation on July 10, 2012, with an annual production capacity of 240,000 units, located in Hanyang District, Wuhan City; the Third Plant was put into operation on April 12, 2019, with an annual production capacity of 120,000 units, and reached the production conditions of new energy vehicles, located in Wuhan Economic and Technological Development Zone. According to relevant data, Dongfeng Honda's annual sales in 2021 will be 761879 units, down 10.40% year-on-year, while the three factories plan to have an annual production capacity of 768,000 units, and the output in 2019 and 2020 will reach 791,000 units and 840,000 units, respectively, even if affected by chip shortages in 2021, Dongfeng Honda's terminal cumulative sales will still reach 761,900 units.
The Shenlong No.2 factory is the new energy factory that Dongfeng Honda announced to settle in the Wuhan Economic Development Zone. On January 5, Dongfeng Honda signed an investment agreement with Wuhan Economic Development Zone for a new electric vehicle plant project to build a new plant specializing in the production of electric vehicles. According to the plan, the transformed "Shenlong Second Plant" may become Honda's first new energy benchmarking plant in the world, providing strong support for Dongfeng Honda's transformation to electrification. According to relevant information, the total investment of the project is about 10 billion yuan, the factory covers an area of 630,000 square meters, the planned annual production capacity is 256,000 vehicles, and it is planned to be officially put into operation in 2024, with a basic annual production capacity of 120,000 vehicles in the early stage.
In terms of product planning, on October 13, 2021, Nichida China released its electrification strategy and launched a new pure electric brand "e: N". Among them, the first model of the Dongfeng Honda e:N brand, e:N, is expected to be launched this spring. It is understood that Dongfeng Honda e:NS1 was unveiled at the 2021 Wuhan Auto Show, positioning a compact pure electric SUV, with a length, width and height of 4390/1790/1560mm, and a wheelbase of 2610mm. According to the declaration information, the car is equipped with a drive motor produced by Weipan Automotive Electronics (Tianjin) Co., Ltd. with models TZ190HSBMCF61 and TZ190HSAMCF61, with a maximum power of 182 horsepower (134kw) and 204 horsepower (150kw), respectively, and a comprehensive cruising range of 420 km and 510 km. In the next five years, Dongfeng Honda will also launch three e:N brand models.
The second factory of Shenlong has been in a state of "shelving" before, and the production base was previously handed over to the government of Wuhan Economic Development Zone for storage, and chose the opportunity to complete the land adjustment to meet the conditions for the listing and transfer of commercial land. For Dongfeng Honda, the existing production capacity can not meet its needs for electrification transformation, take over the second plant of DPCA automobile or one of its better ways to achieve electrification transformation.
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