MARYSVILLE, Ohio, Oct. 11, 2022 -- Honda today announced two major investments in Ohio, including $700 million to re-tool several of its existing auto and powertrain plants for production* of electric vehicles and $3.5 billion with LG Energy Solution (LGES) to establish a previously announced joint venture facility to produce the battery modules to power them, pending final government approvals. The JV battery plant will be located in Ohio's Fayette County, about 40 miles southwest of Columbus.

The announcement, held 45 years to the day after Honda announced its first production facility in Ohio — October 11, 1977 — will transform Honda's Marysville Auto Plant (MAP), East Liberty Auto Plant (ELP) and Anna Engine Plant (AEP) for the electrified future, including the creation of over 300 new jobs. Honda plans to begin production and sales of Honda EVs in North America in 2026, based on its new Honda e:Architecture. The $700 million re-tooling will enable AEP associates to produce the battery case, to be combined with the battery modules from the JV plant on a sub-assembly line at MAP, with the complete battery unit then installed in EVs built by associates at both MAP and ELP.