1. Honda Increases Investment in Ohio Manufacturing Facilities
Honda announced an additional $300 million investment in three Ohio auto plants, bringing the total to $1 billion. This funding aims to enhance flexibility in producing electric vehicles (EVs), hybrids, and gas-powered vehicles on the same assembly lines, supporting Honda’s transition to EV production.
2. Honda’s EV Hub Prepares for Flexible Production
Honda’s EV Hub is gearing up to commence production in late 2025, starting with the all-new Acura RSX EV, followed by Honda EV models based on the Honda 0 SUV. The facility is designed to support a new level of flexible manufacturing, accommodating various EV models efficiently.
3. Manufacturing Status in North Carolina
Emerging technologies, such as artificial intelligence (AI), are poised to revitalize North Carolina’s manufacturing sector. These advancements offer opportunities for increased efficiency and innovation, benefiting suppliers operating in the region.
4. American Honda Enhances Certified Pre-Owned Program
In response to consumer demand for older vehicles and longer loan terms, American Honda Motor Co. plans to improve its certified pre-owned (CPO) vehicle program in 2025. Enhancements include warranty improvements for CPO cars aged six to ten years, potentially increasing the value proposition for suppliers involved in the CPO market.
5. Southeast Manufacturing Growth
Over the past 30 years, the Southeast U.S. has transformed into an automotive manufacturing powerhouse, employing over 300,000 individuals across 14 original equipment manufacturers (OEMs) and 1,120 manufacturers and suppliers. States like South Carolina now lead the nation in the export sales of tires and passenger vehicles, indicating robust growth in the region.
6. Honda Teases New EV Prototypes Ahead of CES 2025
Honda unveiled images of two sleek electric vehicle prototypes set to debut at the upcoming Consumer Electronics Show (CES) in Las Vegas. These prototypes, part of Honda’s new ‘0 Series’ EV lineup, offer a glimpse into the company’s future electric mobility plans, which may influence supplier partnerships and component demand.