Orienting its business toward electric vehicles, Honda is planning a $4.4 billion total investment in electric vehicle and battery production, with a retooling of existing production capacity in three plants, the automaker said Tuesday.
In what’s being called a “once-in-a-hundred-years-change,” the plans call for more than 2,500 projected new Ohio jobs, in both a new battery production site about 50 minutes southeast of Dayton and re-tooled auto assembly and engine plants.
The plans include investing $700 million to re-tool existing auto and powertrain plants for production of electric vehicles. Additional to that, $3.5 billion will be invested with LG Energy Solutions to build a joint venture facility to make the battery modules to power those new electric vehicles.
Here are other investments the company has in Ohio:
--- Honda’s first manufacturing facility opened in Marysville in 1982 and the 4 million square-foot facility is the company’s largest in Ohio. Workers there assemble the Honda Accord along with the Acura TLX and ILX.
----Honda operates a 2.1 million square-foot site in East Liberty where workers assemble the Honda CR-V and Acura RDX.
--- An engine plant in Anna that employs more than 2,800 workers.
---Honda manufactures its Acura NSX supercar at its Performance Manufacturing Center in Marysville.
---Honda’s investment in Ohio has been long ranging. The company recently opened a $124 million wind tunnel facility at its Transportation Research Center outside Marysville that contains one of the worlds most advanced wind tunnels and will allow the company to test several products, including race and electrical vehicles.
Construction for the 110,000 square foot facility that contains the wind tunnel began in 2017. It marks the company’s latest investment in Ohio, in which it has had a presence for over 40 years.
Honda’s initial $35 million investment in Ohio has since ballooned into $11 billion and $21 billion spent on overall U.S. operations.
“Honda’s success in Ohio has always been driven by the dedication and innovative spirit of our associates and this 40th anniversary milestone is a tribute to Honda associates, past and present, who have provided their energy, ideas and passion to create high-quality products for our customers,” said Mitsugu Matsukawa, president of Honda of America Mfg. “Based on the team we have in Ohio, and the opportunities ahead, I’m excited for the future of Honda in America.”
Honda said it has steadily increased its local purchasing of parts and materials with more than 600 original equipment suppliers in America and cumulative parts purchases of over $440 billion over 35 years.
Honda Facts & Figures
$35 million: Honda’s initial Ohio investment
$11 billion: Ohio investment over last 40 years
25,000: U.S. employees
15,000: Ohio employees
20 million: Vehicles produced at Honda’s three Ohio auto plants