Honda to build new EV battery plant in U.S. with LG for $4.4bn

Japanese automaker seeks stable supply of batteries with South Korean partner

Honda and LG Energy will establish a joint venture to produce lithium-ion batteries in Ohio, where Honda's main U.S. plant is located. (Source photos by Reuters)

Nikkei staff writers

August 29, 2022 13:15 JST

Updated on August 29, 2022 22:08 JST

TOKYO -- Honda Motor will build a battery plant for electric vehicles in the U.S. with South Korean battery maker LG Energy Solution, the two companies said Monday, as EV makers and their suppliers seek a presence in the American market.

Honda and LG Energy will invest $4.4 billion in the effort. Nikkei earlier reported on their U.S. factory plans.