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Car manufacturer Honda announced an investment of more than $4 billion into three preexisting Ohio plants and the construction of a new electric vehicle plant in Fayette County.
The preexisting plants in Marysville, East Liberty, and Anna will receive $700 million for the construction of electric vehicles and their components, according to an NBC 4 report. There is $3.5 billion allotted to build a vehicle battery plant in Fayette County, due to a partnership between Honda and LG Energy Solutions.
“For almost 40 years, Ohio has been at the center of Honda’s North American vehicle production, and we are working with Honda and LG to ensure that they choose Ohio for this new electric battery plant,” said Ohio Gov. Mike DeWine, according to the report.
NBC 4 reported construction for the Fayette County plant is scheduled to commence in 2023, with mass production scheduled for 2025.
“It’s another win for America and another win for Ohio,” U.S. President Joe Biden said in the NBC 4 report. “As I said at the groundbreaking of Intel’s Ohio factory last month: it’s time to bury the label ‘Rust Belt.’"
"This is the kind of investment we need to help America win the economy of the future and—as @SenSherrodBrown says—bury the term "Rust Belt" once & for all," U.S. Department of Energy Secretary Jennifer M. Granholm said in an Oct. 11 post on Twitter. "Thrilled to be in Ohio w/ @GovMikeDeWine, Sen Brown & others to celebrate."
"Another win for America: Honda and LG committed over $5 billion toward electric vehicle battery manufacturing and factory retooling across Ohio," Biden said in a Twitter post. "Thanks to my economic plan, we're leading the world again — rebuilding our supply chains, infrastructure and manufacturing at home."
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