Honda announced that it will build a new plant dedicated to hybrid vehicles in Ohio, USA. The plant will have annual production capacity of 240,000 vehicles and is scheduled to begin operations in 2029, with investment expected to total approximately $3 billion.
Honda announced that it will build a new plant producing hybrid vehicles in Ohio, USA. The plant will have annual production capacity of 240,000 vehicles and is scheduled to begin operations in 2029. In addition to investing approximately $3 billion in the construction of the vehicle plant, Honda will carry out major renovations and install equipment at its existing local plants.
Honda is abandoning its plans to develop and produce EVs in North America and shifting to a hybrid-focused strategy, while overhauling the powertrains and platforms for next-generation hybrid vehicles. The company is expected to launch 15 models globally by fiscal 2029. Completion of the new plant is expected to increase annual production capacity in North America from the current 1.67 million vehicles to 1.91 million.