Honda is increasing its investment in three of its Ohio car plants by $300 million to allow them to build electric vehicles (EVs), hybrids, and gas-powered cars on the same assembly lines.

Originally, Honda planned to invest $700 million in these plants, but now they are upping that to $1 billion.

This move comes as Honda prepares for a joint venture battery plant with LG Energy Solution in Ohio, part of their plan to create a Honda EV Hub with a total investment of $4.4 billion.

Jennifer Thomas, a senior vice president at Honda’s U.S. unit, explained that this change will give the company more flexibility to meet customer demands and adapt to market conditions quickly.

Honda’s three Ohio plants—Marysville, East Liberty, and Anna—are being reworked to handle both traditional and electric vehicle production.

However, Thomas also expressed concerns about President Donald Trump’s administration possibly reducing incentives for electric vehicles, which could hurt EV sales.

She pointed out that government support, like the help Tesla received in the past, played a big role in the success of electric cars.

This news comes after former President Biden’s administration pushed for more EV-friendly policies, but now Trump is working to reverse those, creating uncertainty in the auto industry.

Honda’s investment is aimed at making the company more adaptable despite these changes, according to Reuters.

Credit : Reuters

https://www.reuters.com/business/autos-transportation/honda-boosting-investment-three-ohio-auto-plants-by-300-million-2025-01-29

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