Honda to spend $3 billion on new hybrid car plant in Ohio

What happened: Honda Motor plans to build a $3 billion factory in central Ohio to manufacture next-generation hybrids, with production starting in 2029. Key numbers: $3 billion investment; production starts 2029; adds 240,000 vehicles a year; 15 new hybrids globally by March 2030. Why it matters: The plant expands Honda's hybrid output capacity and follows its strategic pivot away from all-electric vehicles, with the new hybrids primarily targeting North America. Coverage: 3 outlets in 24h

Honda Motor plans to build a $3 billion factory in central Ohio to manufacture next-generation hybrids, with production starting in 2029.

The plant expands Honda's hybrid output capacity and follows its strategic pivot away from all-electric vehicles, with the new hybrids primarily targeting North America.