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Honda Announces Plan for EV Factory in the U.S.

Supply Chain Matters

billion facility is expected to be located in the state of Ohio where Honda operates an auto final assembly complex in Marysville, Ohio , but that the companies have not as yet disclosed a specific location. Construction is expected to begin in 2023 with volume production expected by the end of 2025.

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New Developments Among Electric Vehicle Automotive Players

Supply Chain Matters

Battery cell production will reportedly begin in 2025 at the Salzgitter , Germany facility, which will serve as the standardized model for future factories. A challenge related to the vehicle was reportedly the design of a new vehicle platform and the sourcing of battery cells.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune. The auto industry makes up less than 9% of chip demand by revenue, and that figure is expected to increase by 10% per year until 2025. Consultancy UK).