Honda Motor’s China deliveries dip 17.9% YoY in Oct. due to supply constraint

Shanghai (Gasgoo)- Honda Motor (called “Honda” for short) said on Wednesday its China deliveries in October reached 148,377 units, dropping 17.9% from the prior-year period due to the impact of chip supply constraint.

The Oct. deliveries of two joint ventures, GAC Honda and Dongfeng Honda, stood at 77,748 units and 70,629 units respectively, falling 9.1% and 25.8% year over year respectively.

Due to the six consecutive months of year-on-year decline, the growth in Honda's year-to-date China deliveries shrank to 0.8%, 3.1 percentage points lower than the increase in Jan.-Sept. volume.

For the first ten months of this year, GAC Honda's deliveries edged down 0.7% to 618,140 units, while Dongfeng Honda still recorded a 2.2% growth with 638,052 new vehicles delivered.

The deliveries of the vehicles armed with the hybrid powertrain system “Sport Hybrid” reached 21,166 units in October, resulting in 190,779 units for the year-to-date volume, which jumped 26.2% over a year earlier.

Last month, the Japanese automaker released a comprehensive strategy for the auto electrification development in China. Based on the strategy, the company will introduce to the country the first 10 Honda-brand BEV models, namely, the “e:N Series,” over the next five years.