December 8, 2016 / 2:25 AM / 10 months ago

Honda China venture to invest $436 million in new China factory

BEIJING, Dec 8 (Reuters) - Honda Motor’s joint venture with Dongfeng Motor Group will invest roughly 3 billion yuan ($436 million) in a new factory in China, the Japanese automaker said in a statement on its website on Thursday.

The statement confirms a Reuters report in October that cited sources saying the automaker would build a new factory by 2019 with annual production capacity of 120,000 vehicles. ($1 = 6.8786 Chinese yuan renminbi) (Reporting by Jake Spring; Editing by Stephern Coates)

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