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Guangzhou Honda Automobile Co., Ltd announced yesterday that a new research and development center will be launched in an effort to satisfy the growing demand of the local market.
Guangzhou Honda has already sold 260,000 automobiles this year, 13% higher than last year, which successfully completed its initial sales goal set at the beginning of this year.
It is expected that the company will generate 40 billion yuan by the end of this year, a growth of 11% compared with that of last year. Guangzhou Honda in the year 2007 will hit the market with new product line with a goal of selling 310,000 automobiles.
Editor: Yan Michelle
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