Honda to build $3 billion hybrid plant in Marysville

Honda has operated in central Ohio for five decades, a tenure that Executive Vice President Bob Nelson cited as the backdrop for a new $3 billion investment in the region.

The company plans to construct a new automobile manufacturing facility in Marysville, north of Columbus, to meet rising North American demand for hybrid vehicles. Nelson stated the plant will create more than 2,000 new jobs and increase annual production capacity by 240,000 vehicles.

Honda announced the expansion on November 9, 2026. This move follows a long history of state-level partnerships. Governor Mike DeWine, the ninth governor to oversee Honda's growth in Ohio, described the relationship as a 50-year partnership. The state has supported the company's footprint through various tax incentives over the years.

The Marysville plant will join an existing network of Honda facilities in Ohio, Alabama, and Georgia. It will complement the battery plant in Jeffersonville, which is a joint venture between Honda and LG. Nelson said the new site will be one of Honda's most advanced in the world, with production lines designed to shift between vehicle types as customer preferences change. Currently, hybrid vehicles account for nearly 30% of the company's product lineup.

Nelson said the company expects to begin production in 2029. He noted that the new plant will strengthen an integrated U.S. production network for hybrid-electric vehicles and the engines and systems that power them.

Concurrent with the corporate announcement, the Ohio Tax Credit Authority approved a tax credit for the project. JobsOhio, the state's non-profit job creation agency, confirmed the deal on its website but did not release specific figures regarding the credit amount.