Honda’s new EV production revolution begins with $1 billion investment in Ohio

URLhttps://www.cnbc.com/2025/02/02/hondas-new-ev-prod
Sourcecnbc.com
Date Published02/02/2025

Additional Reshoring Information:

Company/Division name Honda
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2025
Domestically, the work will be done:In-house
Capital investment ($):1000
Country(ies) from which reshored:Japan
City reshored to:Marysville
State(s) reshored to:OH
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components, Transportation Equipment
Product(s) reshoredEV batteries
What domestic positive factors made reshoring more attractive?Proximity to customers/market, Under-utilized capacity
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