• News
      • Appointments
      • Electric Powertrain Technologies
      • Emissions
      • Engine Components
      • Engine Electronics
      • Facility Developments
      • Forced Induction
      • Fuel Cell Technologies
      • Fuels & Lubricants
      • Heavy-duty & Diesel Engine Technologies
      • Hybrid Powertrain Technologies
      • Industry Forecasting
      • Legislation
      • Materials & Surface Treatment
      • Metallurgy
      • Mild-hybrid & 48V Technologies
      • New Engine
      • Partnerships, Investments & Acquisitions
      • Quality Control
      • Prototyping
      • Sustainable ICE Symposium
      • Testing
      • Traction Control Systems
      • Transmissions Technologies
      • Webinars
  • Features
  • Online Magazines
    • January 2023
    • September 2022
    • June 2022
    • Subscribe to Automotive Powertrain Technology
    • Transmission Technology International
    • Subscribe to Transmission Technology
    • Engine + Powertrain Technology International Archive
  • Opinion
  • Events
  • Supplier Spotlight
  • Jobs
    • Browse Jobs
    • Post a Job – It’s FREE!
    • Manage Jobs (Employers)
Facebook Twitter Instagram
  • Sign-up for Free Weekly E-Newsletter
  • Meet the Editors
  • Contact Us
  • Media Pack
LinkedIn Twitter Facebook
Subscribe
Automotive Powertrain Technology International
  • News
      • Appointments
      • Electric Powertrain Technologies
      • Emissions
      • Engine Components
      • Engine Electronics
      • Facility Developments
      • Forced Induction
      • Fuel Cell Technologies
      • Fuels & Lubricants
      • Heavy-duty & Diesel Engine Technologies
      • Hybrid Powertrain Technologies
      • Industry Forecasting
      • Legislation
      • Materials & Surface Treatment
      • Metallurgy
      • Mild-hybrid & 48V Technologies
      • New Engine
      • Partnerships, Investments & Acquisitions
      • Quality Control
      • Prototyping
      • Sustainable ICE Symposium
      • Testing
      • Traction Control Systems
      • Transmissions Technologies
      • Webinars
  • Features
  • Online Magazines
    1. January 2023
    2. September 2022
    3. June 2022
    4. Subscribe to Automotive Powertrain Technology
    5. Transmission Technology International
    6. Subscribe to Transmission Technology
    7. Engine + Powertrain Technology International Archive
    Featured

    In this Issue – January 2023

    By Web TeamDecember 5, 2022
    Recent

    In this Issue – January 2023

    December 5, 2022

    In this Issue – October 2022

    October 11, 2022

    In this Issue – September 2022

    October 7, 2022
  • Opinion
  • Events
  • Supplier Spotlight
  • Jobs
    • Browse Jobs
    • Post a Job – It’s FREE!
    • Manage Jobs (Employers)
LinkedIn Twitter Facebook
Automotive Powertrain Technology International
Partnerships, Investments & Acquisitions

LG and Honda to establish US battery manufacturing plant

Lawrence ButcherBy Lawrence ButcherAugust 30, 20222 Mins Read
LinkedIn Twitter Facebook Email
Share
LinkedIn Twitter Facebook Email

LG Energy Solution and Honda are to establish a joint venture (JV) company to produce lithium-ion batteries in the US to power Honda and Acura EV models for the North American market. The two companies will invest a total of US$4.4bn and establish a new JV plant in the US, aiming to have an annual production capacity of approximately 40GWh.

“Our joint venture with Honda, which has significant brand reputation, is yet another milestone in our mid- to long-term strategy of promoting electrification in the fast-growing North American market,” said Youngsoo Kwon, CEO of LG Energy Solution. “Since our ultimate goal is to earn our valued customers’ trust and respect, we aspire to position ourselves as a leading battery innovator, working with Honda in achieving its core initiatives for electrification, as well as providing sustainable energy solutions to discerning end consumers.”

The pouch-type batteries produced at the plant will be supplied exclusively to Honda facilities in North America. The location for the plant is yet to be finalized and will be based on Honda’s plans for EV production in North America. The two companies hope to begin construction in early 2023, targeting a start of mass production of battery cells by the end of 2025.

“Honda is working toward our target to realize carbon neutrality for all products and corporate activities the company is involved in by 2050,” added Toshihiro Mibe, president, CEO and representative director of Honda Motor Company. “Aligned with our longstanding commitment to build products close to the customer, Honda is committed to the local procurement of EV batteries, which are a critical component of EVs. This initiative in the US with LGES, the leading global battery manufacturer, will be part of such a Honda approach.”

Share. LinkedIn Twitter Facebook Email

Related Posts

Volkswagen and PowerCo select Canadian location for first overseas battery cell gigafactory

March 17, 2023

Honda outlines plans for electric vehicle production in the USA

March 17, 2023

VW targets entry-level EV market with ID. 2all concept

March 16, 2023
LATEST NEWS

Volkswagen and PowerCo select Canadian location for first overseas battery cell gigafactory

March 17, 2023

Honda outlines plans for electric vehicle production in the USA

March 17, 2023

Toyota forced to withdraw hydrogen Corolla from Suzuka race after fire

March 16, 2023

Receive breaking stories and features in your inbox each week, for free


Enter your email address:


Supplier Spotlights
  • TLX Technologies, LLC
Getting in Touch
  • Contact Us
  • Download Media Pack
  • Meet the Editors
  • Free Weekly E-Newsletter
Our Social Channels
  • Facebook
  • Twitter
  • LinkedIn
Related UKi Topics
  • Automotive Interiors
  • Automotive Testing
  • Autonomous Vehicle
  • Professional Motorsport
  • Tire Technology
© 2023 UKi Media & Events a division of UKIP Media & Events Ltd
  • Terms and Conditions
  • Privacy Policy
  • Cookie Policy
  • Notice and Takedown Policy

Type above and press Enter to search. Press Esc to cancel.