Honda makes a major investment in Ohio to create a new EV hub

12 October 2022, 01:34:46

Honda announced two major investments in Ohio, including $700 million to re-tool several of its existing auto and powertrain plants for the production of electric vehicles and $3.5 billion with LG Energy Solution (LGES) to establish a previously announced joint venture facility to produce the battery modules to power them, pending final government approvals. The JV battery plant will be located in Ohio's Fayette County, about 40 miles southwest of Columbus.

The announcement, held 45 years to the day after Honda announced its first production facility in Ohio — October 11, 1977 — will transform Honda's Marysville Auto Plant (MAP), East Liberty Auto Plant (ELP) and Anna Engine Plant (AEP) for the electrified future, including the creation of over 300 new jobs. Honda plans to begin production and sales of Honda EVs in North America in 2026, based on its new Honda e:Architecture. The $700 million re-tooling will enable AEP associates to produce the battery case, to be combined with the battery modules from the JV plant on a sub-assembly line at MAP, with the complete battery unit then installed in EVs built by associates at both MAP and ELP.

These Honda facilities, along with the new EV battery plant, will serve as a new EV hub in Ohio, and play a key role in developing the company's knowledge and expertise in EV production that will be shared across Honda's North American auto production network in the coming years. Honda's EV hub will leverage the company's longstanding production, product development, and purchasing operations located in Central Ohio.

As part of its goal to achieve carbon neutrality for all products and corporate activities by 2050, Honda announced a vision to make battery-electric and fuel cell electric vehicles represent 100% of its vehicle sales by 2040 in North America.

Honda produced and sold a record of more than 100,000 electrified vehicles in the U.S. last year, including the Accord Hybrid, CR-V Hybrid and Insight hybrid sedan. Honda's new investment in its Ohio plants will support production of electric vehicles and EV components.

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