Japan's Honda Motor is in the final stages of preparations to build a new hybrid vehicle production plant in Ohio, the Nikkei business daily said on Thursday.
Honda plans to invest about 300 billion yen to 400 billion yen ($1.90 billion to $2.53 billion) in the new plant, expected to start production in 2030, the daily said.
A competing report from Automotive World said the new facility would have an annual capacity of around 250,000 vehicles and could start construction as soon as 2027, with production starting in 2030. That report said the deal is pending final negotiations over state subsidies and noted the facility would be built near Honda's existing Ohio operations.
Ohio, local leaders say
Chris Abbruzzese, spokesperson for American Honda Motor Co., said in an email that no decisions have been made regarding a new plant in the United States.
"Honda has always grown our U.S. production operations steadily, using highly flexible production lines and making efficient use of existing facilities before we consider adding capacity to meet higher customer demand," he wrote. "We will continue to take a thoughtful approach to determine the best way to meet the needs of our customers."
This article originally appeared on The Columbus Dispatch: Honda planning new $2 billion hybrid vehicle plant in Ohio, reports says
