Honda Motor Co. and LG Energy Solution announced on Tuesday that the two companies will build a new $4.4 billion battery plant in Fayette County, Ohio.
built in Ohio starting in 2026. We plan to begin construction early next year, to complete the new production facility by the end of 2024," Bob Nelson, the executive vice president of American Honda Motor Co., said at a news conference.
Mass production of pouch-type lithium-ion batteries is projected by the end of 2025. The batteries at the plant will be provided to Honda auto plants to produce EVs to be sold in North America. FILE PHOTO: An employee walks past the logo of LG Energy Solution at its office building in Seoul, South Korea, November 23, 2021. Picture taken November 23, 2021.
Honda will also separately invest $700 million to re-tool several existing plants – Marysville, East Liberty and Anna Engine Plants – for the production of electric vehicles and components.
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