Honda and LG Energy Solution held the official groundbreaking ceremony for a new joint venture EV battery plant over 2M square feet in size, to be located in Fayette County, near Jeffersonville, Ohio last weekThe two companies have committed to invest $ 3.5B in the new joint venture facility, with their overall investment projected to reach $ 4.4B. The facility is scheduled to be completed by the end of 2024 with the aim for approximately 40GWh of annual production capacity. The JV company will deliver lithium-ion batteries with cutting-edge technology to support Honda’s plan to build battery-electric vehicles (EV) in North America.
Honda and LG Energy Solution held the official groundbreaking ceremony for a new joint venture EV battery plant over 2M square feet in size, to be located in Fayette County, near Jeffersonville, Ohio last weekThe two companies have committed to invest $ 3.5B in the new joint venture facility, with their overall investment projected to reach $ 4.4B. The facility is scheduled to be completed by the end of 2024 with the aim for approximately 40GWh of annual production capacity. The JV company will deliver lithium-ion batteries with cutting-edge technology to support Honda’s plan to build battery-electric vehicles (EV) in North America.
