Honda Motor and its Chinese joint venture partner Dongfeng Motor announced that they will construct a new factory in Wuhan to manufacture Electric Vehicles (EVs) from 2024. The factory will have a production capacity of 120,000 vehicles per year, the automobile company said in a statement.

Honda is Japan’s second-largest automaker and manufacturer of automobiles, motorcycles, and power equipment will soon launch a new EV factory in China by this year with the objective to roll out 10 models with its partners Dongfeng and GAC Group.