โดนัลด์ ทรัมป์ · Nation Thailand
Honda to invest US$3bn in new Ohio factory as hybrid demand rises
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More than 2,000 new jobs are expected from a new Ohio factory that Honda Motor Co. will build with an investment of about US$3 billion to meet growing US demand for hybrids.
Key facts
- The project, announced by the Japanese carmaker on Monday (9 November), will add capacity for 240,000 vehicles a year.
- The end of US tax credits for electric vehicles under President Donald Trump’s administration in autumn 2025 was followed by a sharp decline in demand for them.
- Expected to enter production in 2029, the factory will be located near Honda’s existing East Liberty plant and become its sixth vehicle assembly facility in the United States.
- Honda also intends to introduce 15 new hybrid models worldwide by fiscal 2029.
- Thailand ranks 43rd of 70 economies in IMD’s 2026 digital and AI ranking
Summary
The project, announced by the Japanese carmaker on Monday (9 November), will add capacity for 240,000 vehicles a year.
Honda’s annual North American capacity will consequently reach 1.91 million vehicles, compared with 1.67 million now.