After Honda axes EVs, what's next for $4B Fayette County battery plant? [USA TODAY]
Honda Motor Company, Ltd. (HMC)
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Source: USA TODAY
for Honda and Acura electric vehicles remains strong, local officials say, despite a stinging setback on plans to produce EVs in Ohio. Earlier this month, Honda's Tokyo headquarters announced that it was halting development of three electric vehicles to be built in Ohio, following more than $15 billion in losses on EVs due to tariffs, waning demand and economic uncertainty. One of them, the Acura RSX, was slated for production in Marysville. Both that plant and another in East Liberty in Logan County had already retrofitted its factories for EV production. L-H Battery Company, the joint venture between Honda and LG, meanwhile has had to respond to the news, and maintain confidence that its 3-year-old investment in batteries will pay off. "We're going to continue to assess the impact of Honda's announcement," said Caroline Ramsey, spokeswoman for L-H Battery, noting that the company is "in discussions with our parent companies regarding related future business opportunities that
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Sec Filings
- 3/12/26 - Form 6-K
- 2/10/26 - Form 6-K
- HMC's page on the SEC website