Honda, LG Energy Plan $4.4 Billion EV Battery Factory in U.S.


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.


Please enter your comment!
Please enter your name here

Share post:




More like this

Ex-FDA Official Says Baby-Formula Industry Remains Vulnerable to Problems

PoliticsHealth PolicyPoor inside communication hindered FDA’s response to...

Apple introduces way to split payments in Apple Pay

Apple will now let...

UEFA Champions League Betting – Best Odds and Offers

This 12 months could also be a historic...

Honey Boo Boo Gets Backlash For New Video Using ‘Ghetto’ Accent

Honey Boo Boo is in some critical hassle...