MARYSVILLE, Ohio — Honda Motor plans to invest $3 billion to build a new assembly plant in Ohio, the automaker announced Monday.
Honda said the new plant, which is near its other facilities in Marysville, Ohio, is expected to begin production in 2029, have a capacity for 240,000 vehicles annually and create more than 2,000 jobs. The facility is expected to focus on hybrid vehicles, which have been growing in popularity in the U.S., but Honda said it will be capable of making traditional gas-powered vehicles and electric vehicles as well.
The plant is expected increase Honda's light-duty vehicle capacity to 1.3 million units annually in the U.S. It currently has 12 manufacturing plants in United States, eight of which produce engines or automobiles. It's the company's first new mass production U.S. vehicle assembly plant since it opened a facility in Indiana in 2008.
The auto industry has been trying to localize more production amid President Donald Trump's tariffs and inflated logistics costs that have cut into profits.
Honda's plans for a new plant come roughly two weeks after Volkswagen-owned luxury brand Audi announced it would invest more than $4 billion in its first U.S. manufacturing facility in Georgia.