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Honda and GAC Ink Renewal Pact for Joint Venture
1 day ago /
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Author：小编
On July 20, Honda China made an announcement stating that Honda and GAC have entered into a strategic renewal agreement concerning the GAC Honda joint venture endeavor. As per this agreement, the equity ratio will remain at a balanced 50:50, and the collaboration term is set to be prolonged until 2038. Leveraging their respective technological prowess and resource strengths, both entities aim to propel GAC Honda's swift shift towards new energy and revamp its fundamental competitiveness in the market.
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