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Honda vehicle sales in 1997 totaled 6,872 units (up 7% over 1996) but declined by 83% in 1998, to 1,182 units, mainly due to the economic crisis that hit the Southeast Asian region. In 1999, Honda Motor Co., Ltd. established a joint venture company called PT Honda Prospect Motor (HPM) on 15 February 1999.
The Zhongxing Grand Tiger TUV or Zhongxing Weihu (威虎) pickup truck was launched on the Chinese car market in August 2013 with prices starting at 75,800 yuan and ending at 102,800 yuan. [14] The Grand Tiger TUV is an even more premium version of the standard Grand Tiger pickup truck positioned above the Zhongxing Weihu G3.