Honda will spend more than $4.2 billion to prepare its Central Ohio manufacturing base for building battery-electric vehicles in North America by 2026.
The investment includes $700 million to retool Honda’s assembly plants in Marysville and East Liberty, and its engine plant in Anna, for BEV production. The investment at the three plants is expected to create more than 300 new jobs, according to Honda.
Honda also says it is moving forward with construction of a $3.5 billion battery-module production plant in a joint venture with LG Energy Solution.
The JV plant will be built in Fayette County, about 40 miles (64 km) southwest of Columbus, and employ 2,200 people. Construction is to begin in early 2023 and the plant is to be completed by the end of 2024. Mass production of battery modules using advanced pouch-type lithium-ion cells is…