Honda has entered the final stages of discussions to build a new hybrid vehicle plant in Ohio, US. The investment is expected to be in the ¥300 billion-¥400 billion range, with operations targeted to begin in 2030. North American production capacity is expected to rise to approximately 2 million vehicles.
Honda is reportedly in the final stages of discussions to build a new hybrid vehicle plant in Ohio, US. The photo is said to show a Honda plant in Marysville, Ohio.
According to reporting by Nikkei, specific proposals for the candidate site and investment amount have been presented, along with references to conditions attached to subsidies. The move is reportedly aimed at meeting market demand in North America by strengthening Honda's US production structure.
North American production capacity is currently close to full operation across 7 plants, and annual production is expected to increase to approximately 2 million vehicles once the new plant begins operations. The US is an important market for Honda's global sales, and the importance of local production has increased amid the impact of tariff policies.
However, state government subsidies have reportedly remained an uncertain factor as a prerequisite for the investment decision, and Honda is expected to continue revising its strategy centered on hybrid vehicles for the time being.