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Honda's New Hybrid Vehicle Plant in Ohio Nears Completion, Investment at ¥300-400 Billion
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According to a report from Nikkei, cited by tradealpha, Honda Motor Co. is in the final stages of preparation for a new hybrid vehicle production plant in the U.S. state of Ohio. The Japanese automaker plans to invest approximately 300 billion to 400 billion yen (roughly $2 billion to $2.7 billion) in the new facility. The investment underscores Honda's strategy to expand hybrid electric vehicle production capacity in the North American market, responding to growing demand for electrified vehicles. The report does not specify a timeline for the plant's opening or its expected annual production capacity.
Source report
Honda's preparations for a new hybrid vehicle production plant in Ohio, United States, are in their final stages. The company is investing approximately 300 billion to 400 billion yen in the new facility in Ohio.
(Source: Nikkei News)
Source
domesticNeutral / independent
Part of this Story
Honda plans new hybrid vehicle plant in Ohio, targeting 2030 production start