Honda to invest $3B in new Ohio plant focusing on hybrid vehicles, starting production in 2029

Honda Motor announced a $3 billion investment to build a new assembly plant near its existing facilities in Marysville, Ohio, with production expected to begin in 2029. The plant will focus on hybrid vehicles but can also produce gas-powered and electric vehicles, aiming to increase Honda's U.S. light-duty vehicle capacity to 1.3 million units annually. This move aligns with the auto industry's trend to localize production amid tariffs and rising logistics costs. The new plant will create over 2,000 jobs and is Honda's first new U.S. mass production facility since 2008, signaling a strong commitment to the American market despite recent cancellations of EV projects in Canada.

Honda Motor Company shares trade at USD 35.70 on Pluang as of Nov 09, 2026 23:21 WIB, down 0.22% for the day. The stock's market cap stands at $45.25 billion, with a dividend yield of 3.72%. This investment news comes while Honda maintains a solid market presence with a 52-week high of $36.26 and a typical hold time of 8 days on Pluang.