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

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