Ohio Governor Mike DeWine, Lt. Governor Jon Husted, and JobsOhio leaders announced that Ohio will continue its historic dominance in the automotive manufacturing industry as Honda selected Ohio to lead its electric vehicle (EV) production and, with LG Energy Solution, a joint venture battery plant.
Honda and LG Energy Solution confirmed that their combined investments of at least $4.2 billion will create a combined 2,527 new jobs in Ohio between the establishment of a new EV battery plant in Fayette County and the retooling of existing Honda plants in Union, Logan and Shelby counties for electric vehicle production.
Of the total investment, Honda and LG Energy Solution will invest $3.5 billion in the new Fayette County battery plant, which will create at least 2,200 new jobs. A total of $700 million will be invested by Honda to retool its Marysville Auto Plant in Union County, Anna Engine Plant in Shelby County, and East Liberty Auto Plant in Logan County.
Construction is expected to begin in early 2023, with a goal of starting up by 2025. The site, at Interstate 71 and U.S. Route 35, offers more than 1,500 acres and is less than an hour’s drive from Columbus, Dayton, Cincinnati and Chillicothe.
Published in the December 2022 Edition