Honda to invest $3 billion in new vehicle assembly plant in Ohio

Honda plans to invest $3 billion in a new vehicle assembly plant near its existing Marysville, Ohio, facilities, with production expected to begin in 2029. The project would expand the company’s US manufacturing capacity as it says demand for Honda vehicles exceeds what its current factories can supply.

The factory is designed to build petrol, electric and hybrid vehicles, though Honda has not named the models. It is expected to produce up to 240,000 vehicles a year and create more than 2,000 jobs, lifting Honda’s US light-duty vehicle capacity to 1.3 million annually. The announcement follows Honda’s suspension of an $11 billion Canadian electric vehicle investment plan and comes amid tariffs and uncertainty over US-Canada trade.