HONDA INVESTS IN ITS OHIO PLANTS NOW FOR EVs

Though it has been revealed earlier that Japanese manufacturer Honda was teaming up with Sony to build electric vehicles (EVs), the latest news is that those EVs will not come from Japan but from the United States.

Indeed, Honda just announced it would spend some $USD 700 million (approx. $CAD 975 million) to upgrade and retool its assembly plants in Marysville and East Liberty as well as its engine plant in Anna (all in Ohio) to start manufacturing EVs. These vehicles should be on the North American market as soon as 2026 as they will be based on Honda’s new e: Architecture.

To top this off, Honda teamed up as well with LG Energy Solution with an investment close to $USD 4.4 billion (approx. $CAD 6.1 billion) in a joint-venture battery plant near Columbus (also Ohio). Construction should begin in early 2023 in order to complete it by the end of 2024.