Governor DeWine announces Honda will invest in Ohio for electric vehicle production, including new battery plant with LG Energy Solution

Columbus, Ohio, October 11, 2022 /PRNewswire/ — Ohio Governor Mike DeWinelieutenant governor Jon Hustedand JobsOhio executives today announced that Ohio will continue its historic dominance in the auto manufacturing industry as Honda has selected Ohio to lead its electric vehicle (EV) production and, with LG Energy Solution, a joint venture battery plant.

At a special event at the Ohio Statehouse this morning, Honda and LG Energy Solution confirmed that their combined investments of at least $4.2 billion will create a total of 2,527 new jobs in Ohio between the establishment of a new EV battery factory in Fayette County and retooling of existing Honda plants at union, Loganand Shelby counties for the production of electric vehicles.

Honda’s renewed commitment to Ohio comes exactly 45 years to the day after Honda management visited the Ohio Statehouse in 1977 to announce plans for its first vehicle production plant in United StatesMarysville Motorcycle Plant.

“It has been more than four decades since Honda first saw great promise in Ohioand while the way we make vehicles is changing, one thing that will stay the same is the quality of our workforce and their ability to get the job done,” said Ohio Governor Mike DeWine. “Honda and LG Energy Solution now join a long list of companies that have searched the country for the best place to do business and have chosen Ohio because we have the ideal economic climate and an innovative and talented workforce. Today’s announcement is further proof that there is no better place to be right now than in the great state of Ohio.”

Of the total investment announced today, 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 re-equip its Marysville automobile plant in Union CountyAnna Engine Plant in Shelby Countyand the East Liberty Automobile Plant in Logan County, creating 327 new jobs in addition to its current workforce. Once transformed for the production of electric vehicles, the power source for vehicles manufactured in Marysville, Annaand eastern freedom factories will come from the new battery factory of Fayette County.

“Honda and LG Energy Solution had many other states vying for this landmark investment, and they chose Ohio“said the lieutenant governor of Ohio Husted.”from ohio a talented workforce and strong business environment, along with Honda’s commitment to quality, continue to be a winning combination for the company and this state. »

Construction site on the Fayette County the battery plant is scheduled to begin in early 2023, with the goal of starting mass production of advanced lithium-ion battery modules by 2025. The site, on Interstate 71 and U.S. Route 35, offers more of 1,500 acres and is less than an hour’s drive from Columbus, Dayton, Cincinnatiand Chillicothe. It also includes access to utilities, including water and sewer, electricity, and natural gas.

Honda is used to choosing Ohio for pioneering initiatives. In addition to choosing Ohio for its motorcycle factory on October 11, 1977the Marysville Auto Plant produced the very first Honda Accord on November 1, 1982and the Anna Engine Plant, which opened in 1985, now produces more than one million four-cylinder, V-6 and turbo engines for Honda auto plants around the world. North America. The East Liberty Automotive Plant opened in 1989 and has manufactured over 4.5 million Honda and Acura vehicles since its inception. In 1992, Honda opened a major product development center in Raymond, Ohiowhich now creates many vehicles built in Ohio.

“Honda is proud of its history in Ohio, where our manufacturing operations in the United States began more than four decades ago. Now, as we expand Honda’s partnership with Ohiowe are investing in a workforce that will create the power source for our future Honda and Acura electric vehicles,” said Bob Nelsonexecutive vice president of American Honda Motor Co., Inc. “We would like to thank the state leaders of OhioAs good as inside Fayette County, Jefferson Township, Jeffersonvilleand Washington Courthouse for welcoming this new joint venture between Honda and LG Energy Solution and giving us another Ohio community to call home. »

Last month, the two companies announced an agreement to create a new joint venture to produce lithium-ion batteries in the United States to power Honda and Acura EV models. Pocket-type batteries produced at the new plant will be supplied to Honda facilities. Factory aims to support Honda target make battery and fuel cell electric vehicles 100% of its vehicle sales by 2040.

“In another major step towards electrification, LG Energy Solution’s innovative battery technologies will not only power Honda’s all-new electric vehicle models, but also support from ohio green economy. We express our gratitude to everyone who helped make this happen,” said Dong Myung Kim, Executive Vice President of Advanced Automotive Battery Division at LG Energy Solution. “With our commitment to making the best quality products in the world, together with Honda, we not only hope to create thousands of quality jobs here in Ohio but grow with the community.”

American Honda Motor Co., Inc., LG Energy Solution, DeWine-Husted Administration, JobsOhio, Dayton Development Coalition, A Christopher Columbusand other state, county, and local officials and partners all worked together to bring the project to fruition. Fayette County.

JobsOhio, the state’s private nonprofit economic development corporation, has focused on supporting the automotive supply chain as original equipment manufacturers have begun to focus on production of electric vehicles.

“Honda’s new commitment comes after 45 years of collaboration, growth and success, shaping generational opportunities and investments for the people of Ohio,” said JP Nauseef, president and CEO of JobsOhio. “Honda and Ohio have partnered to strengthen its current manufacturing while making the transition, together, to build the vehicles of the future.”

AccelerateOhio is also shaping the future through a collaborative effort between the State of OhioJobsOhio and 15 public and private organizations to create an innovation ecosystem for the advanced mobility sector, including the automotive, aerospace, aerospace and military industries.

To support the expansion of these investments, the Ohio Tax Credit Authority will consider a tax credit at an upcoming meeting, and JobsOhio also plans to provide grant assistance. The administration also plans to work with the General Assembly to secure state funding for local water supply and transportation infrastructure. The start of construction is also pending local approvals.

from ohio its commitment to innovation makes it a natural fit for the burgeoning electric vehicle supply chain and electric vehicle manufacturing opportunities. from ohio its extensive history in the automotive industry and automotive supply chain, as well as its overall proximity to resources, manufacturers, and end markets, puts the state in a prime position for future electric vehicle production.

SOURCEOhio Jobs

#Governor #DeWine #announces #Honda #invest #Ohio #electric #vehicle #production #including #battery #plant #Energy #Solution

Add Comment