Honda, GAC extend GAC Honda joint venture to 2038 as sales slump

CnEVPost07-20 15:30

File photo shows a GAC Honda P7 EV. Credit: CnEVPost The two parties extended the term of their GAC Honda joint venture through 2038 while keeping their ownership structure unchanged. GAC Honda has ...

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Credit: CnEVPost\n\n\nThe two parties extended the term of their GAC Honda joint venture through 2038 while keeping their ownership structure unchanged.\nGAC Honda has ...</p>\n\n<a href=\"https://cnevpost.com/2026/07/20/honda-gac-extend-jv-to-2038/\">Source Link</a>\n\n</div>\n","source":"cnevpost_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Honda, GAC extend GAC Honda joint venture to 2038 as sales slump</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHonda, GAC extend GAC Honda joint venture to 2038 as sales slump\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-20 15:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://cnevpost.com/2026/07/20/honda-gac-extend-jv-to-2038/><strong>CnEVPost</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>File photo shows a GAC Honda P7 EV. Credit: CnEVPost\n\n\nThe two parties extended the term of their GAC Honda joint venture through 2038 while keeping their ownership structure unchanged.\nGAC Honda has ...</p>\n\n<a href=\"https://cnevpost.com/2026/07/20/honda-gac-extend-jv-to-2038/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HMC","symbol_name":"本田汽车","start_time":0,"source_url":"https://cnevpost.com/2026/07/20/honda-gac-extend-jv-to-2038/","article_id":"2652293967","we_media_id":null,"thumbnails":["https://static.tigerbbs.com/data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20480%20270'%3E%3C/svg%3E?op=imageView2&mode=2&width=256&height=256&quality=70&format=png"],"rights":{"source":"cnevpost_highlight","url":"https://cnevpost.com/2026/07/20/honda-gac-extend-jv-to-2038/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2652293967","pubTimestamp":1784532655,"columns":[],"sourceInfo":{"source_id":"cnevpost_highlight","name":"CnEVPost"},"weMediaInfo":null,"summary":"The two parties extended the term of their GAC Honda joint venture through 2038 while keeping their ownership structure unchanged.","collect":0,"end_time":0,"defaultTopTitle":"cnevpost.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"HMC":"本田汽车"},"translate_title":"由于销量下滑，本田与广汽将广汽本田合资企业延长至2038年","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HMC":1.5},"content_text":"File photo shows a GAC Honda P7 EV. Credit: CnEVPost\n\n\nThe two parties extended the term of their GAC Honda joint venture through 2038 while keeping their ownership structure unchanged.\nGAC Honda has come under mounting sales pressure, with first-half sales falling 55.82% year-on-year.\n\n\nHonda and GAC Group (HKEX: 2238) have signed an agreement to renew their GAC Honda joint venture, extending the partnership through 2038 while keeping their ownership stakes unchanged.\nHonda China announced the renewal in a statement on Monday, as competition in China's auto market intensifies and joint-venture brands continue to lose market share.\nFounded in July 1998, GAC Honda was Honda's first joint venture in China responsible for vehicle production and sales. GAC and Honda each hold a 50% stake.\n\n\nJoin us on \nTelegram\n or \nGoogle News\n\n\nThe joint venture has sold more than 11 million vehicles cumulatively to date.\nWith the partners' initial 30-year cooperation period approaching its expiration, there had been speculation that renewal talks had reached an impasse because GAC was seeking greater control.\nChina is now the world's largest auto market, and competition is becoming increasingly intense as electrification and intelligent-vehicle technologies develop rapidly, Honda China said.\nAgainst this backdrop, Honda and GAC will leverage their respective technological and resource advantages to help GAC Honda rebuild its core competitiveness and accelerate its transition toward new energy vehicles (NEVs), it said.\nNotably, the joint venture's sales have declined significantly in recent years.\nGAC Honda sold 14,099 vehicles in June, down 53.03% year-on-year. Its first-half sales fell 55.82% to 68,318 vehicles, according to data released by Honda China.\n\n    {\"@context\":\"https://schema.org\",\"@type\":\"Dataset\",\"name\":\"GAC Honda Monthly Sales Data\",\"description\":\"Monthly sales statistics for GAC Honda from 2024 to 2026\",\"url\":\"https://cnevpost.com/2026/07/20/honda-gac-extend-jv-to-2038/\",\"license\":\"https://creativecommons.org/licenses/by/4.0/\",\"creator\":{\"@type\":\"Organization\",\"name\":\"CnEVPost\"},\"temporalCoverage\":\"2024/2026\",\"variableMeasured\":{\"@type\":\"PropertyValue\",\"name\":\"Monthly Sales\",\"unitText\":\"units\"},\"distribution\":{\"@type\":\"DataDownload\",\"encodingFormat\":\"text/html\",\"contentUrl\":\"https://cnevpost.com/2026/07/20/honda-gac-extend-jv-to-2038/\"}}    \n\n\nGAC Honda Monthly Sales 2024-2026\n\n\nMonth\n2024\n2025\n2026\n\n\n\n\nJanuary\n35,282\n15,123\n4,558\n\n\nFebruary\n29,107\n29,676\n9,220\n\n\nMarch\n52,587\n47,930\n26,283\n\n\nApril\n24,673\n18,491\n5,100\n\n\nMay\n31,931\n13,410\n9,058\n\n\nJune\n34,350\n30,017\n14,099\n\n\nJuly\n33,270\n16,033\n\n\n\nAugust\n32,839\n20,417\n\n\n\nSeptember\n35,130\n32,808\n\n\n\nOctober\n42,371\n35,671\n\n\n\nNovember\n39,143\n41,366\n\n\n\nDecember\n79,950\n50,984\n\n\n\n\n\n\nGAC Honda monthly sales\n\n\n\n                2024            \n\n\n                2025            \n\n\n                2026            \n\n\n\n\n\n\n\nSource: Company reports\n© CnEVPost\n\n\n\n    (function() {\n        function init() {\n            if (typeof CnEVPostCharts === 'undefined' || typeof Chart === 'undefined') {\n                if ((init._retries = (init._retries || 0) + 1) < 300) setTimeout(init, 100);\n                return;\n            }\n            \n            CnEVPostCharts.createYearlyLineChart({\n                id: 'gac-honda-sales-chart-6a5dd0442a6cb',\n                years: [2024,2025,2026],\n                data: {\"2024\":[35282,29107,52587,24673,31931,34350,33270,32839,35130,42371,39143,79950],\"2025\":[15123,29676,47930,18491,13410,30017,16033,20417,32808,35671,41366,50984],\"2026\":[4558,9220,26283,5100,9058,14099,null,null,null,null,null,null]},\n                colors: {\"2024\":\"#999999\",\"2025\":\"#E8853F\",\"2026\":\"#6AAF3D\"},\n                months: [\"Jan\",\"Feb\",\"Mar\",\"Apr\",\"May\",\"Jun\",\"Jul\",\"Aug\",\"Sept\",\"Oct\",\"Nov\",\"Dec\"],\n                yMax: 80000,\n                yStep: 16000            });\n        }\n        \n        if (document.readyState === 'loading') {\n            document.addEventListener('DOMContentLoaded', init);\n        } else {\n            init();\n        }\n    })();\n    \nThe decline in production was even steeper. GAC Honda produced 5,201 vehicles in June, down 83.22% year-on-year, while first-half output fell 49.85% to 82,884 vehicles.\nBy comparison, GAC Group sold 144,866 vehicles in June, down 3.47% year-on-year. Its first-half sales rose 2.35% to 773,085 vehicles.\nGAC Honda plans to launch 3 new models in 2027 spanning gasoline-powered, hybrid and NEV segments, according to previously announced plans.\nThe models will include a new-generation Accord, a new product featuring Honda's fifth-generation i-MMD hybrid technology, and a in-house developed model based on a China-focused NEV platform.\n\n\n\n\n\n\n\n\n\n\n\n\nHonda turns to Chinese factory to boost domestic EV lineup - CnEVPost\nHonda plans to export its China-made e:NS2 pure electric vehicle to Japan and revive the Insight brand to expand its domestic EV lineup.\n\n\nJapanese Auto\nMar 5, 2026","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.46.0","shortVersion":"4.46.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2652293967","isCrawlerRequest":true}