Honda formally announced that it will build a new hybrid-vehicle finished-vehicle plant in Ohio, United States. The investment is approximately ¥470 billion, with operations scheduled to begin in 2029.
Honda formally announced plans to build a new finished-vehicle plant for hybrid vehicles in the United States. According to the Nikkei online edition and other sources, the investment is approximately $3.0 billion (¥470 billion), with operations expected to begin in 2029.
The new plant will be built in Ohio near 2 existing finished-vehicle plants. Maximum production capacity is expected to be approximately 240,000 vehicles, and more than 2,000 jobs are expected to be created.
Honda currently operates 7 plants in the United States, making the new plant its eighth in North America. Once fully operational, total production capacity in North America is expected to increase by approximately 10% to around 1.91 million vehicles annually.
Depending on the U.S. political situation and developments in EV support policies, the plan could be revised before operations at the new hybrid-vehicle plant begin.