Honda Motor Co., Ltd. has announced plans to build a new hybrid vehicle plant in Ohio. The investment is expected to total approximately $1.9 billion–$2.5 billion, with production expected to begin in 2030.
Honda Motor Co., Ltd. is preparing to build a new hybrid vehicle plant in Ohio, with total investment expected to amount to approximately $1.9 billion–$2.5 billion, according to reports. The article reports on the plan based on coverage by Nikkei and Reuters.
A representative of Honda’s US operations said that no final decision has been made at this time on a new plant in the United States. Future decisions could be affected by trade agreements, including an extension of the USMCA.
Kaihara Tetsuya (貝原典也) pointed to the limits of production capacity in North America and expressed the view that a new plant is necessary. At the same time, he said the company could be forced to change course depending on whether the USMCA remains in place, and the plant is reportedly targeted to begin operations around 2030.
The report links the plan to comments by Honda executives last year and developments at other companies, and also describes the partial suspension of plans for EVs aimed at the US market. It states that the current exchange rate is ¥157.88 to the dollar and presents the developments overall as part of investment trends in production facilities in the US market.