Honda and LG Energy's investment comes as the U.S. looks to expand the country's EV production. The companies are reportedly considering building in Ohio.
and LG Energy Solution will invest $4.4 billion through a joint venture to establish a new lithium-ion battery factory in the U.S. to power Honda and Acura electric vehicle models.
The plant, which will aim to have an annual production capacity of approximately 40 gigawatt hours, is expected to begin construction in early 2023 with the goal of mass-producing advanced lithium-ion battery cells by the end of 2025. The pouch-type batteries produced at the new JV plant will be supplied exclusively to Honda facilities in North America.
Though the official location for the plant has not been finalized, the companies are considering Ohio, according to Nikkei.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ohio officials won’t confirm report of new Honda/LG electric-vehicle battery plant in Central OhioHonda plans to help build a $4.4 billion factory making batteries for electric vehicles somewhere in Ohio, the Wall Street Journal reported Monday. Lt. Gov. Jon Husted shared the WSJ article on Twitter, tantalizingly promising “more to come soon on this.”
Read more »
Honda, LG Energy announce $4.4 billion plan to build EV battery factory in U.S.Honda Motor Co. and LG Energy Solution announced plans Monday for a $4.4 billion investment to build a lithium-ion battery plant for electric vehicles in the...
Read more »
Honda, LG Energy Plan $4.4 Billion EV Battery Factory in U.S.Honda Motor and LG Energy Solution plan to build a multibillion-dollar EV battery factory in Ohio, people familiar with the matter said, the latest tie-up between auto makers and battery suppliers seeking to expand capacity
Read more »
Daily on Energy: The energy canary in the coalmine for US householdsSubscribe today to the Washington Examiner magazine and get Washington Briefing: politics and policy stories that will keep you up to date with what's going on in Washington. SUBSCRIBE NOW: Just $1.00 an issue!
Read more »
Leaders hope Honda chooses Ohio for $4.4 billion battery factory, but some worry HB6 scandal could be factorOhio could possibly get another billion-dollar tech factory after Honda and LG Energy Solution announced Monday that they were looking to build a new electric vehicle battery factory.
Read more »
Casio Edifice 'Honda Racing Red Edition' Is Inspired By Brand's Most Successful Performance Cars | CarscoopsCasio Edifice 'Honda Racing Red Edition' Is Inspired By Brand's Most Successful Performance Cars | Carscoops carscoops
Read more »