SHANGHAI — Chinese language carmaker Guangzhou Vehicle Group mentioned on Monday its three way partnership with Honda Motor is not producing or promoting merchandise underneath the Japanese agency’s premium Acura model.
GAC will proceed to offer after-sales providers to Acura prospects in China by the three way partnership’s community, it mentioned in an announcement to Reuters. The three way partnership will proceed to provide different Honda manufacturers.
Acura is the second international automobile model to exit China, the world’s largest auto market, in current months. In October GAC mentioned it was closing its three way partnership with Stellantis, which made Jeep automobiles, following a pointy decline in Jeep gross sales in China over the previous 4 years.
GAC-Honda, which began producing Acura automobiles in 2016 in China, solely offered 6,554 of them within the nation in 2021, down 45% from the earlier yr.
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