Honda will spend $3 billion on a new vehicle assembly plant near its existing operations in Marysville, Ohio, the Japanese carmaker said on Monday. The factory is set to open in 2029, build up to 240,000 vehicles a year and create more than 2,000 jobs. It will focus mainly on hybrids, which have grown in popularity in the US, but will also be able to produce gas-powered and electric models. The plant will lift Honda’s US light vehicle capacity to 1.3 million units a year and is its first new mass production assembly site since Indiana opened in 2008. Carmakers are moving more production to the US to avoid tariffs and high shipping costs. Audi recently announced a $4 billion plant in Georgia. Honda paused an $11 billion EV project in Canada in May, and US tariffs on Canadian vehicles could double to 50% in January without a trade deal
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