Honda announced plans to build a new production plant in Ohio as part of its North American expansion. The investment will be approximately $3 billion, annual production capacity will be 240,000 units, and the project is expected to create approximately 2,000 new jobs, with operations targeted to begin sometime in 2029.
Honda announced plans to build a new production plant in Ohio to meet growing demand for hybrid vehicles in North America. The investment will be approximately $3 billion, or around ¥470 billion, with annual production capacity of 240,000 units and plans to hire approximately 2,000 additional employees.
While the shift to electric vehicles is progressing in the United States, demand for hybrid vehicles is also reportedly growing against a backdrop of rising gasoline prices due to the situation in the Middle East. Honda is seen as aiming to strengthen its North American production system and respond to changes in demand.
Operations at the plant are targeted to begin sometime in 2029.