According to a report by Nikkei, Honda has decided to build its first factory in Russia, becoming the last of the five major Japanese automakers to do so. The company has submitted the plant plan to the Russian government.
The factory have a production capacity of 30,000 to 50,000 units per year. The initial investment was expected to total several billion yen (tens of millions of dollars).
The Japanese automaker will discuss the factory's location with the Russian government, but coastal regions in Russia's Far East are considered potential candidates.
