Honda started building more factories in China ~ car loan.

Honda and Chinese partner Guangqi company's announced investment 3.56 billion yuan (about 580 million U.S. dollars) to build a third production line and an engine assembly plant in the city increase List, not far from Shanghai.

Built on the same land with two existing plants of Honda joint venture - Guangdong Gas (Guangqi Honda) in the city of Rising City (Zengcheng), the new plant will focus on producing car parts and accessories for market China's domestic market. Assembly line will apply new paint process saves time and using modern laser welding machine.

Honda said the new engine plant will produce a model environmentally friendly, thanks to the use of the system panels absorb solar energy. With a total capacity of 10,000, this will be the generator system solar largest ever in an automobile factory in China.

It is expected the new production line of Honda joint venture - Air Square will come into operation as early as 2015, with an initial capacity of 120,000 vehicles, but will double before 2020. The new plant will increase Honda's production in China to around 1 million units / year. Honda has two joint venture partners in China's Guangdong Gas company and Dongfeng Automobile Company (Dongfeng).