# 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.

- Type: Acquisition
- Announced: 2022-08-29
- Where: United States
- Value: $4.40B
- Status: announced
- Capacity: 40 GWh/year
- Products: lithium-ion batteries for electric vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [LG Energy Solution](https://endata.com/companies/11181.md) (partner)
- [Honda Motor Co., Ltd.](https://endata.com/companies/16181.md) (partner)

## Sources

- [autoracing1.com](https://www.autoracing1.com/pl/375720/automotive-lg-energy-solution-and-honda-to-form-joint-venture-for-ev-battery-production-in-u-s/), 2022-08-29: "LG Energy Solution and Honda will invest a total of USD $4.4 billion and establish a new JV plant in the U.S."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.