Honda (HMC.US) firmly implements its "abandoning EVs for hybrids" strategy! Plans to invest $2.5 billion to build a new hybrid vehicle plant in the US.

Zhito Finance APP has learned that, according to reports, Honda Motor (HMC.US) plans to build a new hybrid vehicle production plant in Ohio, USA, and the project is in the final stages of preparation. The report said that Honda plans to invest approximately 300 billion to 400 billion yen (about US$1.9 billion to US$2.53 billion) in the new plant, with production expected to begin in 2030.