TSMC Accelerates 2nm Expansion as AI Chip Demand Surges 
OpenAI Investigates Rogue AI Agents After Data Leaks and Security Incidents 
SpaceXAI to Double Nvidia Chips at Colossus 2 by Year-End 
Tesla Semi Rollout Begins at Nevada Factory 
China, US Extend Trade Truce Through January 10 After Trump-Xi Summit 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
China Industrial Profit Growth Slows as Weak Demand Offsets AI Gains 
RBA Set for September Rate Hike as Inflation Stays High 
Suzuki Targets Faster Car Development to Keep Pace With Chinese Rivals 
China Cuts Tariffs on U.S. Farm Goods but Excludes Soybeans 
Trump to Ease U.S. Fuel-Economy Standards 
SoftBank Shares Fall as Oracle Flags Stargate Data Center Delay Risk 
Nidec Shares Plunge on Report of $6.3 Billion Impairment Charge 
Oura IPO Draws Strong Demand Ahead of $2.2 Billion Offering 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Nissan Targets US Hybrid Growth With Rogue e-Power Launch 
TikTok Reaches $100 Million Alabama Settlement Over Child Safety Claims 
Add as a preferred source on Google
Honda Motor Company is transferring the production of its Accord models to Indiana, which means it is leaving Ohio after four decades. The automaker said that its move to a new home is part of its plans to shift to electric vehicle production.
Honda said earlier this week that its Accord models would no longer be produced in Marysville, Ohio. This plant has been in operation since 1982, and as the company is pushing for an EV shift, the production is set to be transferred to its Auto Plant in Greensburg, Indiana, in 2025.
As per Fox Business, the Accord units were the second best-selling model at Honda last year, with its CRV SUVs ranking first. The automaker’s Marysville plant was the first-ever facility that Honda Motor established in the United States. To date, it has reportedly produced more than 12.5 million Accords since the start of its operation.
Honda Motor has been taking steps to reach its goal of shifting to EVs. For starters, its internal combustion engine (ICE) and hybrid vehicle production will be combined to form just one assembly line. This move will help the company reorganize its facility to prepare for EV production in early 2024.
“As part of the EV Hub in Ohio, Honda will transform its Marysville Auto Plant (MAP), East Liberty Auto Plant (ELP) and Anna Engine Plant (AEP), leading to the start of EV production in North America,” Honda said in a press release.
The company added, “This EV Hub will play a key role in developing the company’s knowledge and expertise in EV production that will be shared across Honda’s entire North American auto production network in the coming years, even as many Honda plants continue production of gasoline-powered vehicles.”
Meanwhile, Reuters noted that Honda Motor’s move to Indiana comes after the company and South Korea's LG Energy Solution announced last year they are planning to build a new battery plant in Ohio as part of their $4.4 billion joint venture deal.
Photo by: Cody Campbell/Unsplash
