Honda and GAC Group have extended their GAC Honda Automobile joint venture, prolonging the common investment period to 2038.

The extension of the joint venture is directly related to the automotive stock group and components related to electric/green vehicle production in China. GAC Group is a major Chinese automaker with a product portfolio from traditional gasoline vehicles to electric vehicles; Honda is a renowned supplier of engine and control technology. The extension of the common investment period shows both sides commit to continuing joint product development amid the global shift to electric vehicles and China's green vehicle support policies.