Two months ago, Honda invested half a billion dollars in an electric car factory in China. Judging by the new news, the Japanese technology and auto giant continues to invest in electric cars without slowing down.

Honda has partnered with LG Chem, the brand of the chemical company LG, also known as LG Chemical, and set up an electric car battery factory; want. Once the budget is set for this job, it’s an amount that many of us can’t even dream of.

Honda and LG Chem invest $4.4 billion

Although Honda saw the importance of electric cars for our future a little later than other companies, it has made a name for itself with the investments it has made in this area in recent times. Honda often offers creative to its customers. scientific methods decided to establish an electric vehicle battery factory in partnership with LG Chem, which provides established services.

The budget to be spent on this particular factory is astonishing: Full $4.4 billion. With the current TL exchange rate approx. 80,023,240,000 TL (Eighty billion 23 million 240 thousand) is doing. Construction of the facility to be established will begin in 2023 and will be completed by the end of 2025 to produce lithium-ion batteries. Honda by the end of 2030 30 different types of hybrid, electric and fuel-powered batteries aims to produce.

According to the news, this factory will be located in the Ohio region of the US and It will have an annual production capacity of approximately 40 GWh.. What do you think? Please don’t forget to share your thoughts with us in the comments.