TOKYO — On Monday, July 20, 2026, Honda announced it has extended its joint venture agreement with China's Guangzhou Automobile Group (GAC) for 10 more years, continuing their partnership through 2038. This renewal comes as the original joint venture was set to expire in 2028 and amid sluggish sales performance. A Honda Accord was displayed at the Beijing auto show in April, highlighting the ongoing collaboration between the two companies. The extension reflects Honda's commitment to the Chinese market despite recent challenges.
BusinessDeveloping
Honda Extends Joint Venture Agreement with China’s GAC Through 2038
The Tokyo-based automaker renews its partnership with Guangzhou Automobile Group for an additional decade amid sluggish sales and an approaching contract expiry.
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