Automotive

Published on September 9th, 2019 | by Daniel Sherman Fernandez

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Honda Accord Hybrid Production In Thailand, Not Malaysia!

Honda Accord Hybrid production is confirmed for Thailand

Here comes news of another economic loss for the Malaysian automotive sector. Whilst we Malaysians look towards the production of ‘flying cars’ and a new national car, Thailand’s Board Of Investment is working hard to bring car manufacturers to setup and build their new generation vehicles in Thailand for export to the ASEAN region and beyond.

Honda Motor Japan has just announced thatthey will shift their Japanese production of their all new Honda Accord hybridsedan to Thailand, where it wants to take advantage of tax incentives formanufacturing greener cars. The Thai government is encouraging production ofhybrid and plug-in hybrid cars including electric vehicles by providingfavorable corporate tax breaks, cutting excise duties and lowering levies onimported manufacturing equipment and this is encouraging more car manufacturersto move and setup their ASEAN hub in Thailand.

EconomicAdvantage

A move like this also brings componentmanufacturers, tyre manufacturers, glass, metal and aluminum production to thecountry to provide adequate supply to the car manufacturer. Job creation,economic wealth and increased trade which Thailand will continue to enjoy.

The move will start with the 2019 Honda Accordmodel scheduled for release in Japan in early 2020. Honda is also consideringexporting from Thailand to other countries, including Malaysia, New Zealand andalso Australia.

InvestmentAmount

Honda Japan plans to spend 5.82 billionbaht (USD189 million) on the plan, which will expand its output of cars withelectric motors.

Honda’s plant in Sayama, north of Tokyo, has been making the Accord but will terminate auto production by the end of March 2022.

Honda decided it would be more efficient toimport the Accord from Thailand, where its plant already makes right hand drivecars for the ASEAN market and a little beyond.

Honda’s decision for this production shiftcomes as the world’s car manufacturers grow more selective about investments,aiming to enhance efficiency. Emerging economies in Asia, which are rapidlybecoming more technologically advanced, have become appealing options formaking not just compact cars but also green vehicles like hybrids.

HybridPower

The Honda Accord Hybrid inline-4 engine producesup to 143 hp and 129 lb-ft of torque. The AC Synchronous Permanent MagnetElectric Motor earns 181 hp and 232 lb-ft of torque. Altogether, the totalhybrid system horsepower is rated at 212.

The Accord Hybrid also uses a propulsion system that shifts quickly and seamlessly between electric, hybrid, and engine power. The system can also at times work as an EV, or a purely electric vehicle, for an even better fuel economy performance.


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