Last year, China produced 28 million vehicles, nearly 30% of all the vehicles produced around the world, and this number is expected to grow to 40 million vehicles by 2025. Given its commitment to electrification, an increasing number of the vehicles produced in China will be electric. In order to truly penetrate the China market, the international assemblers have found it necessary to establish vehicle production in the country. However, vehicles produced in Honda’s factory can only be exported and cannot be sold in China. More on Forbes: Tesla Takes On China: Musk Plans His First Electric Car Plant In Asia

Source: Forbes July 05, 2017 12:11 UTC