TOKYO—Honda Motor and LG Vitality Resolution stated Monday they plan to construct a $4.4 billion electric-vehicle battery manufacturing facility within the U.S., the newest tie-up between auto makers and battery suppliers searching for to broaden capability by sharing upfront prices.
The businesses stated they plan to start building of the manufacturing facility early subsequent 12 months and begin mass manufacturing by the top of 2025. The manufacturing facility is deliberate for Ohio, the identical state as Honda’s longstanding auto plant in Marysville, individuals conversant in the matter stated. The businesses didn’t title the placement.
