Statement by President Joe Biden on Honda and LG Investments in Ohio

It’s another win for America and another win for Ohio, with Honda and LG committing more than $5 billion toward electric vehicle battery manufacturing and factory retooling across the state. As I said at the groundbreaking of Intel’s Ohio factory last month: it’s time to bury the label ‘Rust Belt.’ Just as my CHIPS and Science Act is spurring record investments in communities across the country, my Inflation Reduction Act is driving a manufacturing boom for electric vehicles. This has been the backbone of my economic plan: America is leading the world again, rebuilding our supply chains, infrastructure, and manufacturing here at home.

###