Honda to change its North American expansion strategy by building a $300 million-scale Ohio plant

Honda Motor Co., Ltd. announced plans to build a hybrid-vehicle plant costing approximately $300 million in central Ohio, changing its policy toward strengthening investment in and expanding its production network for the North American market.

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The story

Honda Motor Co., Ltd., a Japanese automaker, announced the construction of a new plant to produce hybrid vehicles for the U.S. market.

The construction cost is estimated at approximately $300 million, and the plant is expected to be located in central Ohio.

This suggests a review of the company's strategy for expanding its North American business and indicates that investment will be strengthened.

At a glance

CompanyHonda Motor Co., Ltd. announced plans for a plant in Ohio

ScaleThe plant's construction cost is estimated at approximately $300 million

LocationThe site is in central Ohio

ProductsThe plant is scheduled to produce hybrid vehicles

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