# LG Energy Solution and Honda to build $4.4B EV battery plant in US

LG Energy Solution and Honda Motor have agreed to form a joint venture to produce lithium-ion batteries in the US. The facility will cost $4.4 billion.

- Type: New facility
- Announced: 2022-08-30
- Where: United States
- Value: $4.40B
- Status: announced
- Products: lithium-ion batteries
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [miningconnection.com](https://miningconnection.com/surface/p6530/P5110), 2022-08-30: "LG Energy and Honda Motor to Build $4.4 Billion EV Battery Facility 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.