Honda has entered the final stages of discussions on plans to build a new hybrid vehicle plant in Ohio, with an estimated investment of ¥300 billion to ¥400 billion and operations targeted to begin in 2030.
Honda Motor Co., Ltd. has entered final discussions on plans to build a new hybrid vehicle plant in Ohio. If discussions with the state are concluded successfully, the company plans to invest ¥300 billion to ¥400 billion and aims to begin operations in 2030.
Details such as the specific location and construction schedule have not been disclosed, but the project is expected to proceed depending on the outcome of discussions with the state.
The project has been reported as part of the company’s strategy to expand hybrid vehicle production capacity. However, the final decision will depend on the outcome of the discussions.