Honda Motor Co. is finalizing plans for a new hybrid vehicle production plant in Ohio.
The automaker expects to invest between ¥300 billion and ¥400 billion ($1.90 billion to $2.53 billion) in the facility. Operations at the new site are projected to begin in 2030.
The plant will provide dedicated hybrid production capacity for the North American market. This move addresses surging consumer demand for hybrid vehicles in the United States. The investment strengthens Honda's position within the shifting electrified vehicle sector.