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Honda and LG invest $3.5 billion in US battery plant

  • October 11, 2022
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OUR Honda and LG Energy Solutions announced a joint venture to build a battery manufacturing plant in the United States. The companies plan to begin construction on the

OUR Honda and LG Energy Solutions announced a joint venture to build a battery manufacturing plant in the United States. The companies plan to begin construction on the new facility next year, and the batteries produced will power the automaker’s next-generation vehicles.

New Honda plant in the USA

04.10.2022 at 10:00
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The announcement of the merger between the two Asian manufacturers was made back in August, but now they have finally unveiled the work plan. new installation will cost about $3.5 billion. and will be built in the city of Fayette County, Ohio.

plan Honda is that your new installation has annual production capacity 40 GWhand the cells produced in it are being developed for use on a new platform.”e:ArchitectureThe manufacturer expects to launch its first vehicles with this next-generation technology from 2026.

Credits: Honda Publicity

In its official statement, the Japanese automaker said it was proud to present this new project with LG in Ohio, where he has been working for nearly four decades. The companies announced that the new facility will create about 2200 jobsbut this still needs to be approved by the local authorities.

As indicated Ars Techniqueit is the third EV plant announced Honda in the US recently. At the beginning of the year, she got along with a countrywoman Sony in the construction of an electric vehicle plant in a North American country.

In addition, she teamed up with General Motors to create a venture that will develop a range of affordable electric vehicles for sale in the Americas and China. But unlike the other two plants, this one will use a battery platform. Ultium gives grandmaster and the first cars will be produced only from 2027.

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Source: Arstechnica Source: Honda

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Source: Mundo Conectado

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