Business · Companies · 55 mins ago
Honda to invest $3 billion in Ohio hybrid vehicle plant
Honda plans to build a $3 billion hybrid-vehicle plant in Ohio to expand production in the United States.
The factory will be built in central Ohio between Honda's existing plants in East Liberty and Marysville.
It is expected to make up to 240,000 vehicles a year and raise Honda's US production capacity to about 1.3 million vehicles annually.
The company says growing customer demand for hybrids in North America is behind the investment.
This would be Honda's first new mass-production base in the United States in around 20 years and is expected to create more than 2,000 jobs.
Honda also plans to adjust production lines at facilities in Ohio, Alabama and Georgia, and invest in Canada, to make next-generation hybrid systems.
Production is planned to begin in 2029, subject to final government approvals.
Honda will invest $3 billion to build a new car assembly plant in Ohio focused on hybrid-vehicle production.
The plant is planned for central Ohio between Honda’s existing plants in East Liberty and Marysville.
It is expected to have annual capacity of 240,000 vehicles and create more than 2,000 American jobs.
Honda expects production to begin in 2029, subject to final government approvals.
Honda cited growing customer demand for hybrids in North America as the main reason for the investment.
- Who
- Honda Motor Co.
- What
- It plans to build a $3 billion assembly plant focused on hybrid vehicles.
- When
- Production is expected to begin in 2029, subject to final government approvals.
- Where
- Central Ohio, between Honda’s existing plants in East Liberty and Marysville.
- Why
- Honda cited growing customer demand for hybrid vehicles in North America.
This story does not have two clearly opposing sides.
Honda announced plans to build a new hybrid-focused assembly plant in Ohio.
Production at the plant is expected to begin, subject to final government approvals.
- Investment
- $3 billion
- Planned annual capacity
- 240,000 vehicles
- Expected jobs
- More than 2,000 American jobs
- Location
- Central Ohio, between East Liberty and Marysville
- Expected production start
- 2029
7 sources
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