Honda & LG Announce EV Battery Joint Venture
Honda and LG Energy Solution recently announced they will be entering into a new joint venture to build batteries for electric vehicles. As part of the partnership, the two companies will be building a battery plant in Fayette County, Ohio, which is about 40 miles southwest of Columbus. The plant will bring 2,200 jobs to the community and both companies are investing over $4 billion.
The new EV battery plant is planned to be ready by 2025, and will produce approximately 40GWh of batteries each year. The batteries are pouch-type lithium-ion batteries, which have excellent energy density.
Honda has already announced its plans to begin production of electric vehicles in North America based on its new Honda e:Architecture. The batteries produced at the Ohio plant will go into EVs that are sold in North America.
“Honda is proud of our history in Ohio, where our U.S. manufacturing operations began more than four decades ago. Now, as we expand Honda’s partnership with Ohio, we are investing in a workforce that will create the power source for our future Honda and Acura electric vehicles,” said Bob Nelson, executive vice president of American Honda Motor Co., Inc.
Honda plans to achieve complete carbon neutrality for all its products and corporate ventures by 2050, and battery and fuel-cell vehicles will make up 100% of vehicle sales by 2040.
If you would like more information about Honda hybrid and electric vehicles, please contact us today at Ed Voyles Honda in Marietta, Georgia. You can also custom order a new Honda by clicking on the link below.