Honda’s China business scores 48% YoY surge in Jan.-Feb. deliveries

Shanghai (Gasgoo)- Japanese automaker Honda said it delivered 81,556 new vehicles in China last month, representing a month-over-month plunge of 48% primarily due to the Chinese New Year holiday.

Of the vehicles delivered in Feb., 36,586 units and 44,970 units were from GAC Honda and Dongfeng Honda respectively.

In Feb., over 10,000 consumers took delivery of the CR-V SUVs. During the same period, the deliveries of the models equipped with the Sport Hybrid system amounted to 10,864 units.

The Japanese automaker saw its annual China deliveries hit a record high of 1,626,972 units in 2020. The rising momentum has been maintained in early 2021. For the first two months of 2021, Honda handed over a total of 239,013 new vehicles to consumers in the world's largest auto market, posting a vigorous growth of 48% from a year ago. The increase is credited to the upward movement in the deliveries of both joint ventures. GAC Honda saw its year-to-date. deliveries jump 23.5% to 103,907 units, while Dongfeng Honda recorded a year-on-year hike of 74.6% by delivering 135,106 new vehicles.

Honda CR-V e+; photo credit: Honda China

It is noteworthy that the CR-V e+, Honda's first PHEV model introduced to China, hit the market on Feb. 2 with guiding prices ranging from 273,800 yuan ($42,360) to 299,800 yuan ($46,385) after subsidies. The advent of the new model makes the CR-V come with three powertrain solutions, namely fuel-burning, hybrid and plug-in hybrid, for consumers with different needs.