Honda to Establish Motorcycle Development Center in China.

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Last updated at: (Beijing Time) Wednesday, January 23, 2002

Honda to Establish Motorcycle Development Center in China.

Honda R&D Co., a wholly owned unit of Honda Motor Co., on Wednesday announced establishing a subsidiary in the Chinese city of Shanghai in February.

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Honda R&D Co., a wholly owned unit of Honda Motor Co., on Wednesday announced establishing a subsidiary in the Chinese city of Shanghai in February.

The new Shanghai unit, Honda Motorcycle R&D China Co., will be capitalized at 17 million U.S. dollars and owned entirely by Honda R&D, the company said.

The new company will start operations in April next year, it added.

Honda estimates the Chinese motorcycle market, the world's largest, at 10 million units one year.

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