Honda Forms Joint Venture with LG Energy Solution to Make EV Batteries in the U.S.

Honda will be teaming up with LG Energy Solution to produce lithium-ion batteries in the United States for both Honda and Acura models aimed at the North American market. The two companies will invest a total of $4.4 billion to establish a new plant in the U.S. - one that will have an annual production capacity of roughly 40GWh. These pouch-type batteries will be supplied exclusively to Honda facilities in North America. As for the locati... (continue reading...)