SHANGHAI -- China's Guangzhou Automobile Group said on Monday its joint venture with Honda Motor is no longer producing or selling products under the Japanese automaker's premium Acura brand.
GAC will continue to provide after-sales services to Acura customers in China through the joint venture's network, it said in a statement to Reuters. The joint venture will continue to produce other Honda brands.
Acura is the second foreign automotive brand to discontinue manufacturing in China, the world's largest auto market, in recent months. In October GAC said it was closing its joint venture with Stellantis, which made Jeep vehicles, following a sharp decline in Jeep sales in China over the past four years. Stellantis said it will continue to import some Jeep models to China.
GAC-Honda, which started producing Acura models in 2016 in China, only sold 6,554 light vehicles under the brand in the country in 2021, down 45 percent from the previous year.
