Honda Announces $3.38 Billion Ohio Expansion, Including New Auto Plant
and Investments in Anna and Russells Point

MARYSVILLE, OHIO — Honda has announced a major expansion of its Ohio
manufacturing operations, including construction of a new $3 billion
automobile plant near Marysville and additional investments at its
Anna Engine Plant and Honda Transmission Plant in Russells Point.

The announcement was made Monday, November 9, by Ohio Governor Mike
DeWine and Honda officials.

The new automobile plant will be constructed on land between Honda's
existing Marysville and East Liberty facilities in Union County. The
project is expected to create more than 2,000 jobs, with production
scheduled to begin in 2029, pending final government approvals.

The facility will have the capacity to manufacture approximately
240,000 vehicles annually, including gasoline-powered, hybrid and
fully electric models.

The investment will also have a significant impact on west-central Ohio.

At Honda's Transmission Plant in Russells Point, the company is
retooling existing production equipment to manufacture two
next-generation hybrid systems. The expansion is expected to increase
Honda's hybrid system production capacity in Ohio by 250 percent in
the coming years.

Meanwhile, Honda's Anna Engine Plant in Shelby County will undergo
major retooling to manufacture a next-generation four-cylinder engine
for future vehicles produced in North America.

Honda is also expanding a parts consolidation center at the Anna
facility to improve manufacturing logistics and support future
production growth.

Governor DeWine praised Honda's continued commitment to Ohio, saying
the investment reflects confidence in the state's workforce and
manufacturing capabilities.

The new Marysville-area facility will become Honda's fourth automobile
assembly plant in Ohio.

Combined with the additional investments at existing facilities,
Honda's latest Ohio expansion represents approximately $3.38 billion
in investment and a commitment to create 2,390 jobs.

The announcement is especially significant for communities throughout
western Ohio, where Honda's Anna and Russells Point facilities are
major regional employers.

Construction of the new automobile plant is expected to begin
following necessary government approvals, with vehicle production
targeted for 2029.