Honda to Invest $3 Billion in New Ohio Plant for Hybrid Vehicle Production

• Honda will invest $3 billion in a new Ohio plant for hybrid vehicle production.
• The new plant is expected to begin production in 2029 with a capacity for 240,000 vehicles annually.
• This is Honda's first new US vehicle plant since 2008 and follows a retreat from EVs.
• Honda Canada is also retooling its Alliston, Ontario plant for hybrid production with a $166-million investment.
• The new Ohio plant is part of Honda's strategy to avoid tariffs and boost hybrid vehicle production in the US.