LG Energy Solution-Honda JV begins construction of U.S. battery plant

▲ This image provided by LG Energy Solution shows a car battery plant to be completed in Ohio next year under its joint venture with Honda Motor Co. (PHOTO NOT FOR SALE) (Yonhap)

LG-Honda-battery plant

LG Energy Solution-Honda JV begins construction of U.S. battery plant

SEOUL, March 1 (Yonhap) -- South Korea's LG Energy Solution Ltd. (LGES) said Wednesday its joint venture with Honda Motor Co. has begun construction of a car battery plant in the United States with an aim to start production in late 2025.

The 51:49 joint company, set up between LGES and Honda Motor in August last year, held a groundbreaking ceremony for the 40 gigawatt hour-a-year battery plant in Jeffersonville, Ohio, on Tuesday (local time), LGES said in a statement.

The joint venture named L-H Battery Co. plans to complete the US$4.4 billion plant by the end of 2024 and supply car batteries for Honda's Acura models assembled in its U.S. plant, it said.

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