Honda & LG Invest $3.5 Billion in New Ohio Plant

SourceClean Technica
Date Published01/14/2023
Author NameJo Borrás
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Honda
Parent companyHonda Motor Company, Ltd.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):2200
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2024
Capital investment ($):3500
Country(ies) from which reshored:Japan
City reshored to:Jeffersonville
State(s) reshored to:OH
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredlithium-ion batteries
What domestic positive factors made reshoring more attractive?Eco-system synergies
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