WASHINGTON (Reuters) – Honda Motor said on Wednesday it will boost its investments in three Ohio auto plants by $300 million to have flexibility to build EVs, hybrids and gas-powered vehicles on the same assembly line.
The Japanese automaker in 2022 had announced plans to invest $700 million in three plants but is now upping that to $1 billion, said Jennifer Thomas, a senior vice president at Honda’s U.S. unit.
Honda is also building a joint venture Ohio battery plant with LG Energy Solution in which the overall investment is expected to be $4.4 billion.
(Reporting by David Shepardson; Editing by Chris Reese)
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