New Investments by Car and Battery Makers in Ohio
Updated: Aug 15
There has been an industrial construction boom across the US, what does this mean? For the next several years this transition will create jobs , not only in MI and Indiana , but the new upcoming state is Ohio. According to the Center for Automotive Research, , GM And Ford Motor and other car manufacturers have announced investments of more than $50 billion in new factories in the US.
Let's look at Ohio- the state heavily dependent on the auto industry - it has become a case study in whether electric vehicles will create or destroy jobs . We have companies like GM, Jeep, Honda and many automobile part makers supporting the major car manufacturers , who employ thousands of people in the state of Ohio. Ohio produces more internal combustion engines than any other state in the country. As per NY Times , nearly 90,000 people work in Ohio for car makers or part suppliers.
GM is converting its factory in Ohio to produce electric motors, part of an industrial transformation that will redefine manufacturing regions and jobs around the world. GM has committed to retraining its workers and is making an investment towards it. It is converting its assembly lines at the plant and will be hiring more workers. Honda Motor has announced it's plan to convert one of the two assembly lines in Marysville, Ohio to build electric vehicles. Honda employees 14,000 people making cars and motors.
It's not only the car production facilities, but also the battery production facilities are also opening up in Ohio. Ultium Cells, a joint venture of GM and LG Energy Solution has a battery production plant in Ohio. Foxconn, a Taiwanese manufacturer, has taken over the old GM plant and plans to produce the electric vehicles and tractors at this facility.
Adapted from an article in the NY Times