Honda to invest $3 billion in new vehicle assembly plant in Ohio

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MARYSVILLE, Ohio — Honda Motor plans to invest $3 billion to build a new assembly plant in Ohio, the automaker announced Monday. Honda said the new plant, which is near its other facilities in Marysville, Ohio, is expected to begin production in 2029, have a capacity for 240,000 vehicles annually and create more than 2,000 jobs. The facility is expected to focus on hybrid vehicles , which have been growing in popularity in the U.S., but Honda said it will be capable of making traditional gas-powered vehicles and electric vehicles as well. The plant is expected increase Honda's light-duty vehicle capacity to 1.3 million units annually in the U.S. It currently has 12 manufacturing plants in United States, eight of which produce engines or automobiles.