Honda Motor ($HMC) announced a $3 billion auto plant in central Ohio to expand hybrid production, creating more than 2,000 jobs and capacity for 240,000 vehicles annually. Production is expected to begin in 2029, pending final government approvals.
- The plant will sit between Honda’s existing East Liberty and Marysville facilities, with flexibility to manufacture hybrid, gasoline-powered and battery-electric vehicles.
- The new plant and other manufacturing projects will raise annual production capacity to approximately 1.3 million vehicles in the U.S. and 1.9 million across North America.
- Honda plans to increase hybrid-system production capacity in Ohio by 250% and add a hybrid-system assembly line in Georgia.
- Alabama investments will expand production capacity and prepare the engine facility to manufacture a new V6 hybrid engine.
- Honda will also retool its Alliston, Ontario, operations for next-generation hybrid and gasoline models, including restarting engine manufacturing.
- The investments support Honda’s previously announced plan to introduce 15 new Honda and Acura hybrid models globally by 2030.
- Honda’s recent lobbying disclosures list auto and steel tariffs, USMCA trade rules, advanced-manufacturing tax credits, and greenhouse-gas and fuel-economy standards among its federal policy issues.
Relevant Companies
- Honda Motor ($HMC): Investing in additional vehicle, engine and hybrid-system manufacturing capacity.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
