LG Energy Solution-Honda JV begins construction of battery plant in US

SEOUL, Mar 01 (Yonhap) — LG Energy Solution Ltd. (LGES) of South Korea announced on Wednesday that its joint venture with Honda Motor Co. has begun construction of a car battery plant in the United States with the aim of starting production in late 2025.

The 51:49 joint venture, formed between LGES and Honda Motor in August last year, held a groundbreaking ceremony for the 40 gigawatt-hour battery plant in Jeffersonville, Ohio on Tuesday (local time), said LGES. in a report.

The joint venture named LH Battery Co. plans to complete the $4.4 billion plant by the end of 2024 and supply car batteries for Honda’s Acura models assembled at its US plant, it said. -he declares. -he declares.

This image provided by LG Energy Solution shows a car battery plant to be completed in Ohio next year as part of its joint venture with Honda Motor Co. (PHOTO NOT FOR SALE) (Yonhap)


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