Honda To Invest $3 Billion In New US Plant To Expand Hybrid Vehicle Production
Mumbai, Nov. 10 -- Honda Motor Co., has announced a USD 3 billion investment to build an automobile manufacturing plant in Central Ohio, increasing its US automobile production capacity to approximately 1.3 million vehicles per year and creating more than 2,000 jobs. Production at the new facility, located between the existing East Liberty and Marysville plants, is expected to begin in 2029 pending regulatory approvals.
The new facility will feature a planned annual production capacity of 240,000 units, capable of assembling hybrid, petrol and battery-electric vehicles. The project forms part of a series of manufacturing investments across operations in Ohio, Alabama and Georgia designed to expand production of hybrid-electric vehicles a...
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