Restart revs up China's automobile firms

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Restart revs up China's automobile firms
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WUHAN (China Daily/ANN): Carmakers and auto suppliers in Wuhan, capital of Hubei province, are resuming operations gradually after a hiatus of nearly 50 days, as the novel coronavirus outbreak appears to be receding in the city hit hardest by the epidemic.

Dongfeng Honda, a joint venture of Dongfeng Motor Corp, commenced production in Wuhan on Wednesday , two days after it got the written approval from local authorities. Dongfeng's Chinese-branded passenger vehicle subsidiary is scheduled to resume production on Thursday.

Established in 2003, the joint venture has three plants in Wuhan, with a combined annual production capacity of over 600,000 vehicles, and employs over 12,000 people. Hubei province, especially Wuhan, is one of the most important automotive manufacturing regions in China. GM's joint venture SAIC-GM said its Wuhan plant has got the necessary approvals from the local authorities to resume production.

Carmakers and auto suppliers in regions outside of Hubei province have been in production for a while, with most of their plants having opened in February. During the first two months, vehicle sales totalled 1.97 million units, down 41 per cent from the same period a year ago.

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