LG Energy, Honda JV to produce EV batteries

Main Navigation

Advertisement
Social Connect
Resources
Our Brand Family
The Buzz EV News logo
Cutting through the static to deliver you the latest electric vehicle news & innovations
Business

LG Energy, Honda JV to produce EV batteries

The companies' overall investment related to the JV is projected to reach $4.4 billion.

David Sickels
By David Sickels
David Sickels is the Editor of The Buzz. He has a history of working in the media, marketing and automotive industries in both print and online.
Published:
Honda-Level-2-EV 1400

LG Energy Solution and Honda Motor Co. have established a joint venture (JV) that will produce lithium-ion batteries for electric vehicles (EV) produced by Honda.

Related Articles

The JV will begin construction on a new battery plant early this year with the goal of completion by the end of 2024 and starting mass production of advanced lithium-ion battery cells by the end of 2025. The plant aims to have an annual production capacity of approximately 40GWh. All batteries produced by the new JV will be supplied exclusively to Honda plants in North America to power battery-electric vehicles sold in North America.

The new plant will be located approximately 40 miles southwest of Columbus, Ohio, in Fayette County, near Jeffersonville. LGES and Honda say they have committed to investing $3.5 billion and creating 2,200 jobs to establish the new production facility. The companies’ overall investment related to the JV is projected to reach $4.4 billion.

You May Also Like

Wallbox-Luis-Boada
Lola-Yamaha-ABT-Formula-E
Yoshi-Mobility-EV-charging-1400
LGES_Arizona-Construction
Business

MoveEV introduces new CTO

Lindsey Bleimes will oversee the technological advancement and expansion of the company’s flagship product, ReimburseEV.

Christian Hinton
By Christian Hinton
Published:
Lindsey-Bleimes

MoveEV introduced Lindsey Bleimes as its new CTO. Bleimes will oversee the technological advancement and expansion of the company’s flagship product, ReimburseEV, a SaaS product that delivers expense management and IRS-compliant employee reimbursement solutions for charging electric fleet vehicles at home.

“Lindsey’s deep experience with software technology, product development, integrations and team management are unparalleled," MoveEV founder David Lewis, said. "She's a unicorn, and we are confident in her ability to steer our growth as we continue to serve major municipalities and Fortune 500 companies in the rapidly changing EV landscape."

Read Full Article

More Business Posts
Canoo to export LDV 130 and LDV 190 delivery vehicles to Saudi Arabia

Jazeera Paints will be deploying Canoo’s LDV 130 and LDV 190 delivery vehicles within its existing fleet in Saudi Arabia.

By Christian Hinton
CanooCargoVan_Front
Lime, Hight Logistics and Forum Mobility strike deal for zero-emissions EV shipping

Lime anticipates the agreement will shift more than 300 port-to-hub shipments to electric, zero-emission trucks annually.

By Christian Hinton
Forum_Mobility_lime_hight
EV tire satisfaction gap widens as wear rates increase, J.D. Power finds

The study shows that EV owners have similar expectations for tire wear as owners of gas-powered vehicles do.

By Christian Hinton
Tesla-Cheapest-EV-to-Run-Model-3-1400
Canoo’s Oklahoma City manufacturing facility approved as a Foreign Trade Zone

The company said the approval will accelerate its made-in-America EV manufacturing strategy, improve unit profitability and enable a faster path to break even.

By Christian Hinton
Canoo-OKC-Factory-1400

Other Posts

U Power launches commercial operation for EV battery swapping

As part of this expansion, U Power said it plans to establish 60 power-swapping service points which will cater to over 800 customers.

By Christian Hinton
U-Power-battery-swapping
Unico releases the BAT300 Series, an EV battery testing solution

Unico said the BAT300 Series is based on the Unico IDAC power platform and offers performance, efficiency and versatility at a reduced cost.

By Christian Hinton
idac-combo
Can you jumpstart an EV?

First thing’s first: Find the LV battery, which could be anywhere in the vehicle.

By The Buzz Staff Writers
bendpakEVgarage12Vjump
Hexagon Agility expands CNG fuel system manufacturing plant

The company says a green future for trucking is close, and what’s coming next could put fears over a lack of CNG power to bed.

By Kevin Linger
Hexagon-combo