Honda Civic Hybrid Returns
This expansion follows the success of Honda’s existing hybrid models, the CR-V, and Accord, contributing to the brand’s growing presence in the hybrid market. The Civic hybrid’s production marks a pivotal moment for Honda, with over 11 million Civics assembled in North America since 1988. In anticipation of strong demand, Honda expects the Civic hybrid to account for more than 40% of model sales in North America, further solidifying its position as a leader in the hybrid vehicle segment.
Honda Electrification Strategy
Honda is taking steps to establish its EV Hub in Ohio, a pivotal initiative that paves the way for EV production in North America. Through a substantial $700 million investment announced in October 2022, Honda is retooling several existing auto and powertrain plants to create the EV Hub. The historic Marysville Auto Plant (MAP), where Honda commenced its American auto production in 1982, will be the first U.S. Honda plant to transition to EV manufacturing.
A crucial component of the EV Hub is the joint venture EV battery plant, a collaboration between Honda and LG Energy Solution located in Fayette County, near Jeffersonville, Ohio. This state-of-the-art facility is slated for completion by the end of 2024 and is expected to have an annual production capacity of approximately 40 GWh, reinforcing Honda’s commitment to sustainable mobility solutions.