Honda Motor will build a new hybrid vehicle plant in central Ohio, US, with an investment of $3 billion, targeting the start of production in 2029. The project will create approximately 2,000 jobs and expand production capacity in the US.
Honda announced that it will build a new hybrid vehicle plant in central Ohio, US, with an investment of approximately $3 billion. The new plant will have annual production capacity of 240,000 vehicles and is scheduled to begin production in 2029.
The investment is expected to expand annual vehicle production capacity to approximately 1.3 million units in the US and approximately 1.9 million across North America. Honda also plans to invest approximately C$867 million in its Canadian operations, including approximately C$166 million at its plant in Ontario. The company plans to maintain approximately 4,000 local jobs.
Honda is planning an additional investment of approximately $338 million in Ohio and is considering new investments in Georgia and Alabama. In Alabama, the company plans to produce a new V6 hybrid engine, renovate its engine plant in Ohio, renovate its transmission plant and resume engine production in Ontario.