The plant was expected to employ about 2,200 people. It is an approximately 50-minute drive southeast of Dayton and about 40 minutes south of Springfield.
Leaders from Honda, LG Energy Solution and Ohio ceremonially broke ground for the plant in February 2023, representing $3.5 billion of Honda’s overall projected $4.4 billion investment in EV production. Honda leaders have told the Dayton Daily News they plan to continue to build vehicles with internal combustion engines even as they retool plants in Anna, Marysville and East Liberty for EV production.
The value of the transaction, which is expected to close in late February next year, was put at $2.85 billion.
The filing, on South Korea’s DART corporate filing system, gives the rationale for the sale as: “To increase the operational efficiency of” the joint venture overseeing the plant.
Questions were sent to representatives of the joint venture and Honda in Ohio.
In the joint venture’s most recent release on the plant, in November, it says nearly 200 full-time employees have been hired “for a variety of engineering, leadership, and support roles” at the plant.
The journey to the joint venture’s plant began with the purchase of 454 acres for nearly $23.3 million in November 2022.
According to Fayette County property records, Honda Development & Manufacturing of America LLC paid $23,268,935 for 454 acres from Martin Land Co. on Nov. 7 that year.
The plant is west of Ohio 729 and south of Interstate 71, easily visible from the interstate.
According to multiple reports, automaker Ford cancelled a $6.5 billion contract order with LG Energy earlier this month.
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