Ohio: To produce electric vehicles, Honda will invest $700 million in Ohio's existing auto and powertrain facilities. These investments will turn Ohio into an EV hub for Honda, along with a $3.5 billion investment with LG Energy Solutions (LGES) to establish a previously announced joint venture facility to produce the battery modules that they use. (previous post) Will give power.
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The investment will transform Honda's Marysville Auto Plant (MAP), East Liberty Auto Plant (ELP), and Anna Engine Plant (AEP) for an electrified future and result in the creation of more than 300 new jobs. This was announced 45 years after Honda announced its first production facility in Ohio—11 October 1977.
Based on its new Honda e:architecture, Honda intends to begin manufacturing and selling the Honda EV in North America in 2026. With the help of the $700 million retooling, the AEP collaborators will be able to manufacture the battery case, which will then be assembled on the MAP with battery modules from the JV plant before being installed into EVs made by collaborators at both MAP and ELP .
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Along with the new EV battery plant, these Honda facilities will serve as a new EV hub in Ohio and will be instrumental in helping the company build on its knowledge and experience in EV production, which will later be used throughout North American auto production. will be broadcast on the network. Honda's EV Hub will utilize the business's established manufacturing, product development and procurement functions in Central Ohio.
Honda announced a vision to sell only battery-electric and fuel cell electric vehicles in North America by 2040 as part of its goal of achieving carbon neutrality for all products and corporate activities.
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Last year in the US, Honda produced and sold a record number of electrified vehicles, including the Accord Hybrid, CR-V Hybrid and Insight Hybrid sedans. Honda's latest investment in its Ohio manufacturing facilities will help in the production of electric vehicles and their parts.
Honda has invested a total of about $24.6 billion in its North American manufacturing capabilities, which includes more than $3.6 billion in the past five years alone. The company works with approximately 800 original equipment manufacturers in North America, and has spent more than $535 billion on parts in total.