Honda announced it will invest $3 billion in a new vehicle assembly plant in Ohio and make strategic investments in several production facilities in Ohio, Alabama and Georgia to expand US capacity for hybrid vehicles and the related engines and hybrid systems.
The plant will be Honda's fourth vehicle factory in Ohio, with annual capacity of about 240,000 vehicles, production planned to start in 2029 and more than 2,000 jobs expected. Once the investment is complete, Honda's annual vehicle capacity in the United States will rise to about 1.3 million units and hybrid system capacity in Ohio will increase by 250%. Foreign media reported that the plant will mainly build hybrids and combustion-engine models while retaining the ability to switch to electric vehicle production.
Alongside the capacity expansion, Honda plans to launch at least 15 all-new hybrid models worldwide, most of them for the US market, with the first new model expected in 2028. The next-generation hybrid powertrain will add electric all-wheel drive and will be about 10% more efficient than the current system unveiled in 2023.