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Yangzhou Gemini Vehicle Industrial Co., Ltd took part in the Frankfurt Auto Parts Exhibitio in MOSCOW from Aug 26th to 29th, and got a lot from this exhibition. We will do better to service our customers in future.

According to foreign media reports, Japan's Honda Automobile Co., Ltd. recently stated that due to the fact that it has purchased enough spare parts from Japan, the two Chinese joint ventures, Dongfeng Honda and Guangzhou Honda, will completely resume automobile production in August 2011, and even auto production capacity. It may exceed normal levels. It is understood that due to the impact of the 3.11 Great Japan Earthquake on the production of component suppliers, there was a serious shortage of parts and components, including Japanese automobile manufacturers, and the production of its Chinese joint venture was also affected. However, Dongfeng Honda and Guangzhou Honda did not announce the impact of the Japanese earthquake on their production. Honda Motor Co. once said that the company`s parts supply resumed faster. Fumihiko Ike, Honda`s chief financial officer, told reporters: [We hope to be able to restore vehicle production capacity in advance, but this is mainly due to the recovery of spare parts supply. At present, parts supply is recovering at a faster rate." In addition, the Honda UK and Turkey factories will resume normal production in September. Japanese car manufacturers` local factories` output in April is not optimistic: The local factories of Japanese cars are more affected by the earthquake. The data shows that Honda`s domestic production in April was 81% lower than in the same period of 2010 and was only 14,168 units, innovating the company`s worst single-month production record so far. At the same time, domestic sales also decreased by 46% to 27086 vehicles. Exports also dropped by 76% to 6,473 vehicles. Toyota Motor Co., Ltd. suffered a major earthquake in Japan and disrupted the entire manufacturing industry chain. From March 14 to the end of May, Toyota Motor Co., Ltd. will reduce production of automobiles by more than 550,000 vehicles. Toyota Motor Corporation produced 53,823 vehicles in April, a 78.4% decrease from the same period in 2010. The Suzuki Motor Company, which mainly produces small vehicles, reached 58,598 units, a decrease of only 31.1% from the same period in 2010. This is Toyota Motor Corporation's first loss of "Japan's No. 1" throne since 1976.

Recently, Guangzhou Automobile Group officially announced that its subsidiary Guangqi Honda officially bought Honda China. According to an official announcement, the board of directors of Guangzhou Auto Group Co., Ltd. agreed to transfer 25% of Honda Automobile (China) Co., Ltd.'s stock held by the company through the open market. The base price for the listing and transfer was approximately RMB 231.593 million. At the same time, the Board of Directors agreed to approve the approval of the relevant departments and approved the joint venture company Guangqi Honda Motor Co., Ltd. to acquire 100% equity of Honda Automobile (China) Co., Ltd. through open market transfer and agreement and to upgrade and upgrade. So far, the ownership structure of Honda Automobile (China) Co., Ltd. has been held by Honda Technology Co., Ltd., Guangzhou Automobile Group Co., Ltd., Dongfeng Motor Group Co., Ltd., and Honda Technology Investment (China) Investment Co., Ltd., respectively, 55% and 25%. 10%, 10%, changed to Guangzhou Automobile Honda Automobile Co., Ltd. owns 100% equity. In addition, official sources indicated that sales of GAC Honda Motor Co., Ltd. had reached 663,553 units in 2017, and 95.7% of the target of 690,000 units was completed in the year.

Recently, Jin Hao was informed by the Guangzhou Automobile Group official that Guangzhou Auto Group Co., Ltd. type reviewed and approved the "Proposal for Transferring 25% Equity Interest in Honda (China) and Guangqi Honda's Plan to Acquire and Restructure Honda (China)" and approved Guangzhou Automobile Honda Automobile Co., Ltd. Acquired 100% equity of Honda Automobile (China) Co., Ltd. The total planned investment is 1.206 billion yuan. In fact, this year, Guangqi Honda's sales figures are really eye-catching. So why did you propose to invest 1.2 billion at this time to acquire Honda China? Cui Dongshu, Secretary-General of the National Association of Travel Unions, said in an interview with Daoge that he said: "Guangzhou Honda's capacity is not very abundant, so it is necessary to acquire Honda China's production capacity in China." So, Guangzhou Automobile Honda's production capacity is incommensurable with the Guangzhou Automobile Honda Rapidly growing sales? Invested 1.2 Billion Guangqi Honda Acquired Honda China According to official data, the board of directors of Guangzhou Auto Group Co., Ltd. agreed to transfer 25% of the shares of Honda Motors (China) Co., Ltd. held by the company through the open market. The base price for the transfer of listing is approximately RMB 231.593 million. Based on the results of the filed asset assessment report, it is based on the results. After agreeing to obtain approval from the relevant authorities, the company`s joint venture, GAC Honda Automobile Co., Ltd. was approved to acquire 100% equity of Honda Automobile (China) Co., Ltd. through open market transfer and agreement and to upgrade and upgrade. It is worth noting that the project plans to invest a total of 1,206.14 million yuan, the source of funding for the company to solve their own funds. 1.2 billion is not a small number, and the acquisition of funds will be entirely funded by companies themselves. Is it too stressful? In fact, according to Jinhao, the operating income of Guangzhou Automobile Honda for the period from January to June this year has reached 41.27 billion yuan, an increase of 30.44% year-on-year. Net profit attributable to the listed parent company increased to 3.286 billion yuan. So this 1.2 billion is actually not too much pressure for Guangzhou Automobile Honda. However, why does Guangqi Honda spend a lot of money to acquire Honda China? Eye-catching sales data requires strong production capacity to support In fact, this is related to the sales figures and outstanding market performance of Guangqi Honda this year. Since the beginning of this year, sales of Guangzhou Automobile Honda have soared. According to the latest data, sales of various models of GAC Honda continued to increase in November, and terminal sales once again set a new monthly sales record for this year, capturing 73,440 units, an increase of 9.5% year-on-year, of which five models sold over 10,000 terminals. So far, Guangzhou Automobile Honda 1 - November cumulative sales of 663,553 units, an increase of 10.6% year-on-year, has exceeded the 2016 annual sales. Among them, Guangzhou Honda reached 649,448 and Guangzhou Automobile Acura reached 14,105. Up to now, Guangzhou Automobile Honda has completed 95.7% of the annual target of 690,000 vehicles. It can be said that the sales target for this year has been pinned. The rapid growth of sales requires strong production capacity to support. Cui Dongshu, the secretary-general of the CLUCC National Committee, said in an interview with Daoge`s car: [Guangzhou Honda's production capacity is not very abundant, so it is necessary to acquire the production capacity of Honda China in China." It is understood that currently Guangzhou Automobile Honda has three production lines with an annual production capacity of 600,000 vehicles. The first production line is located in the Huangpu plant area with a designed capacity of 240,000 units; the second and third production lines are located in the Zengcheng plant, with an existing production capacity of 240,000 vehicles/120,000 vehicles. The third production line will add 120,000 capacity in the future, forming a total capacity of 720,000 units/year of Guangqi Honda. Obviously, the total production capacity of 720,000 vehicles/year does not meet the current rapid development of Guangzhou Automobile Honda. Therefore, Guangzhou Automobile Honda needs to expand its channels to increase production capacity to cope with outstanding market performance. It is understood that Honda China has its own production line in the Guangzhou Free Trade Zone and is dedicated to exporting production capacity. Obviously, this production line is the most suitable expansion capacity for GAC Honda. After all, whether it is from technology or product planning and development strategy, Guangzhou Automobile Honda can do a very good communication and development with Honda China, mutual benefit and win-win situation. After all the joy of light sadness In addition, for the acquisition, Mr. Cui Dongshu also expressed his regret during an interview with Dao Dao`s vehicle. [The acquisition is mainly focused on the domestic market, so the export will be weakened. However, we The export market itself is not doing well enough, and our export competitiveness is not very strong. Therefore, focusing on the domestic market is also a very pity thing. We want to encourage them to export more." After talking about the beneficial aspects of Honda China's business in China after the acquisition, it said: [One of the issues faced by this acquisition is how to have greater exports. We don`t need Honda to put it in China. The customer business is doing too strong, but hopes that his export and domestic development will be balanced and balanced." In fact, as Mr. Cui Dongshu said, Guangzhou Automobile`s Honda is currently mainly targeting the domestic market. Honda Motors owns Honda, Acura and the concept of three major brands, which is also the future of the company will jointly develop these three brands. Since Acura settled in Guangqi Honda and launched the first domestic model, the CDX, the Acura brand officially opened its localization process in China. Its second domestic model, the TLX-L, has also been released and announced a pre-sale price of no more than 280,000 yuan. This vehicle is designed for Chinese consumers to be lengthened and is expected to effectively enhance the performance of Acura in the Chinese market. . From all this, we can see that in the future, the focus of Guangqi Honda's more market is still on the domestic market. How to make exports and domestically balanced and balanced development is a key issue that Guangqi Honda will face after its acquisition.

The engine quality of the Han-made passenger cars is ranked first in the Honda system's global production plant. Yesterday, Dongfeng Honda Motor Co., Ltd. was informed that Dongfeng Honda already has 200,000 engine assembly production and 120,000 engine casting processing capabilities. Its production engine assembly indicators have reached the benchmark level of Honda's global production plants (outside the area The defective rate is less than 0.7%. In particular, the cylinder head casting level ranks first among Honda's global factories, and the cylinder casting level ranks in the top five. In February 2004, Dongfeng Honda's first phase project was completed and put into production, forming an annual production capacity of 30,000 vehicles and engine assembly. In December 2005, Dongfeng Honda officially started the construction of 120,000 engines. In March 2007, the machining project was completed and put into operation. The Dongfeng Honda engine machining project consists of two production lines, a cylinder block and a cylinder head, with a design capacity of 120,000 units/year and production cylinders and cylinder heads for the Civic 1.8L and CR-V2.0L engines. The production line adopts a flexible manufacturing system to realize multi-type collinear production. In the future, only a small amount of investment is required to reach 240,000 units and add new models. In 2008, Dongfeng Honda completed the construction of an engine casting project. As a result, Dongfeng Honda Co., Ltd. has basically completed the casting, machining, and assembly processes of engine manufacturing, and ended Jiangcheng`s history of [with no engine". In May 2009, Dongfeng Honda built a new powertrain assembly plant, initially reaching a 200,000 sets/year powertrain production scale. Last year, Dongfeng Honda Motor Co. sold more than 210,000 cars. The company's engine manufacturing department scientifically scheduled production arrangements to a higher extent to meet the matching needs and reduce production costs. How do many indexes of Dongfeng Honda engine casting reach the benchmark level of Honda system? Dongfeng Honda's Deputy Minister of Engine Manufacturing introduced that, from the introduction of process equipment, the company optimized the imported equipment by learning from the experience of Honda and other Dongfeng brothers, combining the characteristics of the process and its own reality. If the original low-pressure casting air pressurization is improved to the inert gas nitrogen pressurization, the cooling conveyor line for the workpiece is optimized for the suspension cooling and the like by the drum type cooling. By strengthening personnel training, strict management, and coordinated production, stable control of casting beats and various production parameters is achieved. In addition, it also innovatively introduces a robotic mold spraying system to replace the existing manual spraying, which not only improves the quality of spraying, but also effectively protects the safety and health of the working staff. At present, the robotic mold spraying system has passed three tests and is expected to be put into mass production in March this year. After the project is completed, Dongfeng Honda will become the only company in the Honda system and even the domestic automotive industry to use the advanced robot system for pre-mold coating. Dongfeng Honda Power Assembly Plant produces powertrains of the four models: Civic 1.8L, CR-V2.0L, 2.4L, and SI Platinum Core 2.4L. It is the first powertrain assembly in the world that combines Honda's first previously suspended chassis with an engine. Outbound factory. The entire assembly line uses a conveyor roller line and air friction suspension cable. This method not only improves the transmission efficiency, but also reduces the noise in the factory, creating a comfortable working environment for employees. In 2009, the plant introduced an engine traceability management system to automatically record operational information for safety and important functional parts, QA equipment, and important positions. Each engine has a detailed manufacturing history that can be queried. Thanks to a reliable quality assurance system, Dongfeng Honda's existing plant does not require a hot and cold test and ships directly to the outside. The outflow quality level ranks among the top in the Honda Manufacturing System. According to Chen Binbo, executive deputy general manager of Dongfeng Honda Motor Co., there are only a few domestic automakers with local engine production capabilities, and only Dongfeng Honda in Wuhan. In order to meet the increasing market demand, Dongfeng Honda has started to expand and build. After the Spring Festival this year, it will have a production capacity of 240,000 vehicles, and will have 240,000 engine production capacity next year. In the 15 years since the development of the automotive industry in the Wuhan Development Zone, seven vehicle companies have been assembled, but some of the core components such as gearboxes still come from the outside. This year, the automotive industry in Wuhan Development Zone will usher in great development. Apart from the production of Shenlong Wuhan No. 2 Plant and Dongfeng Honda No. 2 Plant within the year, the development zone will also be dedicated to the introduction of key components such as automotive engines, transmissions, and automotive electronics. . At present, the Dongfeng Passenger Car Company's own-brand engine project is actively progressing. It is expected to commence construction this year and is expected to start production in 2011.