trending Market Intelligence /marketintelligence/en/news-insights/trending/FjySHaHdoes0dRZVd9ID3g2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Report: Honda to shift Accord hybrid production to Thailand

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

Report: Honda to shift Accord hybrid production to Thailand

Honda Motor Co. Ltd. plans to spend 5.82 billion Thai baht to move the production of its Accord hybrid sedan to Thailand from Japan, the Nikkei Asian Review reported Aug. 8, citing unnamed sources.

Thailand is offering incentives like cutting excise duties and lowering levies to encourage the production of electric vehicles and hybrids, according to the report.

Honda is producing its Accord vehicles in Sayama, Japan, but it plans close the site's operations by the end of March 2022, the report said. The move will begin with Accord's latest model, which is slated for release in early 2020.

The Nikkei reported that the Japanese automaker believes it would be more efficient to import its Accord vehicles from Thailand since it already has a factory in the Southeast Asian country.

The Thai plant, which makes the Accord with the steering wheel on the right side, produced 3,000 units in 2018, the report said. The figure is expected to significantly increase in 2019 given the company's plan to boost its hybrid output.

Honda is also considering exporting its cars from Thailand to other countries, including Australia, the newspaper added.

As of Aug. 7, US$1 was equivalent to 30.81 Thai baht.