Car buyers in the U.S. will soon benefit from Honda's brand-new $800-million assembly plant in Celaya, Mexico, according to a company news release.

The Celaya plant will build the redesigned Honda Fit and the automaker will begin production "later on this year," according to the automaker.

The 2015 Fit debuted back at the 2014 Detroit Auto Show.

The Fit competes with similar vehicles like the Chevrolet Sonic, Ford Fiesta, and Toyota Yaris.

"The new plant in North America will increase Honda's ability to meet customer demand for fuel-efficient subcompact models from within the region," Honda said in a statement recently.

The plant will be responsible for over 200,000 units every year. The vehicle will increase Honda's yearly North American production capacity to approximately 1.92 million units.

"In 2013, more than 90 percent of the Honda and Acura automobiles sold in the U.S. were produced in North America," the automaker said. "This is expected to exceed 95 percent when the Celaya plant reaches full capacity."

Customers can expect the vehicle to hit dealerships by spring 2014.

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