WASHINGTON - Honda Motor Co.'s U.S. unit said on Tuesday it would move production of its Accord sedan to Indiana in 2025 after assembling the model in Marysville, Ohio, for more than 40 years, as part of its shift to EV production.
Marysville will be Honda's first U.S. auto plant to transition to making EVs.
The move comes after Honda and South Korea's LG Energy Solution Ltd in October announced they would build planned $4.4 billion joint-venture battery plant at a site near Jeffersonville, Ohio, and broke ground earlier this month.
The battery plant, to be completed by the end of 2024, will cover more than 2 million square feet (185,806 square meters) and aims for about 40 Gigawatt hours (GWh) of annual production capacity.
Honda said last year it was separately investing $700 million to retool three Ohio plants for electric vehicle production by 2026, including Marysville.