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Honda and GAC renew Chinese partnership to 2038
Honda and China's JAC Motors have extended their partnership in the Chinese market until 2038, with a focus on advancing electric vehicle development and smart technology. The joint venture "JAC Honda" maintains its existing structure while striving to enhance its competitiveness, having sold over 11 million cars since its establishment in 1998. The company faces challenges from local firms that are progressing in the transition to electric vehicles and intelligent technologies. The agreement aims to utilize technologies and resources to meet the diverse needs of consumers in China's largest market globally.
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