LG Energy Solution and Honda form JV for EV battery plant in US

LG Energy Solution and Honda Motor Co. agreed to establish a joint venture to produce lithium-ion batteries in the US, with a total investment of $4.4 billion and annual capacity of approximately 40 GWh. Construction is targeted to begin in early 2023, with mass production by the end of 2025.

“LG Energy Solution and Honda will invest a total of USD $4.4 billion and establish a new JV plant in the U.S.”autoracing1.com

• 1 source
• autoracing1.comAutomotive: LG Energy Solution and Honda to Form Joint Venture for EV Battery Production in U.S.Mark CipolloniAug 29, 2022

Summarized from public sources; check the original articles before acting on it.