Honda and LG announced Monday that the companies plan to build a $4.4 billion electric vehicle battery factory in the U.S.
The Wall Street Journal reports that the site will be in Ohio, while the exact location isn’t mentioned in a joint Honda-LG press release.
“Ohio’s advanced manufacturing future is bright. With automakers moving to manufacture more and more electric vehicles, we want Honda to expand its operation in Ohio,” said Ohio Gov. Mike DeWine, responding to the announcement with a statement sent to members of the media. “For almost 40 years, Ohio has been at the center of Honda’s North American vehicle production, and we are working with Honda and LG to ensure that they choose Ohio for this new electric battery plant.”
Honda’s Marysville, Ohio, plant, which has been in operation since 1982, performs a range of work, including stamping and final assembly of vehicles.
Honda and LG plan to establish a joint venture company to produce lithium-ion batteries in the U.S. to power Honda and Acura EV models for the North American market. The two companies aim to begin construction in early 2023, in order to enable the start of mass production of advanced lithium-ion battery cells by the end of 2025, a joint statement from the companies said.
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