Honda reportedly eyes Ohio for up to $2.5B assembly plant

Honda plans a $1.8B-$2.5B plant in Ohio by 2030 to produce 250,000 hybrid SUVs annually, aiming to compete with Toyota's 15 hybrid models. The move follows Honda's EV strategy reversal and $15.7B restructuring costs, targeting 15 new hybrid models in North America by 2030.

Honda Motor Co. (HMC.US) plans to invest ¥300-400 billion ($1.9-2.5 billion) in a new Ohio hybrid vehicle plant, starting production in 2030. The move aims to mitigate tariff risks and expand U.S. capacity, as hybrids outperform EVs in demand. Honda sold 1.41 million vehicles in the U.S. last fiscal year, with hybrids driving growth. The company has faced over $9 billion in EV-related losses.

Honda (HMC) is in talks to build a $1.8B-$2.5B hybrid vehicle plant in Ohio, its first North American factory in 20 years. Operations could start by 2030, pending state subsidy negotiations. The move aligns with Honda's strategy to capitalize on rising U.S. demand for fuel-efficient vehicles.

Honda is reportedly in final talks to build a $2.5B vehicle assembly plant in Ohio, focusing on electrified vehicles, with production potentially starting in 2030. The company declined to confirm the project, citing Nikkei's sources.

Honda is reportedly finalizing plans for a new US vehicle assembly plant in Ohio, costing $2.5 billion, to produce electrified vehicles starting in 2030. The plant aims to increase North American production capacity by 10%, with negotiations over subsidies ongoing. Honda previously warned of significant losses due to its electrification strategy reset and faces competition and tariff uncertainties.

Honda Motor Co Ltd (HMC) plans to invest $1.90B-$2.53B to build a hybrid vehicle plant in Ohio, starting production in 2030. The company's P/S ratio is 0.29, below its historical median, and it is currently unprofitable. HMC's GF Score™ is 77/100, with strengths in valuation and growth but weaknesses in momentum. Institutional activity is mixed, with 6 gurus trimming and 2 adding shares.