On October 11, 2022, Honda and LG Energy Solution announced a plan to build a $3.5 billion plant in Ohio, exclusively devoted to building batteries for Honda and Acura electric vehicles. In addition, Honda will spend an additional $700 million to outfit three of its existing Ohio factories for electric vehicle and component production.
Together, the combination of the new battery plant and the expansion of existing factories to build EVs in Ohio are expected to create 2,527 new jobs in the Buckeye State. Given Honda’s long history of manufacturing in Ohio—which started with motorcycles, let’s not forget—it's not hard to understand why this location choice was made. Of course, the state offering somewhere around $156 million in tax incentives to Honda to make this kind of investment also probably didn’t hurt.
