Honda and its Chinese partner GAC have signed an agreement to extend the term of their joint venture through 2038, said GAC Honda Motor (China) Investment Co, a wholly owned subsidiary of the Japanese carmaker, on Monday.

Honda and its Chinese partner GAC have signed an agreement to extend the term of their joint venture through 2038, said GAC Honda Motor (China) Investment Co, a wholly owned…

Automaker sticks with key market despite sales falling 60% in five years

The early renewal preserves the partners’ 50-50 structure and signals Honda’s commitment to China even as the Japanese carmaker loses ground to domestic EV rivals