{"id":44611,"date":"2023-01-18T19:30:23","date_gmt":"2023-01-19T01:30:23","guid":{"rendered":"http:\/\/magazineautomotor.com.mx\/sitio\/?p=44611"},"modified":"2023-01-18T19:30:23","modified_gmt":"2023-01-19T01:30:23","slug":"lg-energy-solution-and-honda-will-produce-car-batteries","status":"publish","type":"post","link":"https:\/\/magazineautomotor.com.mx\/sitio\/lg-energy-solution-and-honda-will-produce-car-batteries\/","title":{"rendered":"LG Energy Solution and Honda will produce car batteries"},"content":{"rendered":"
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    Formally establish battery production joint venture<\/h3>\n<\/li>\n
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    They will build a factory in Ohio<\/h3>\n<\/li>\n
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    And will investing $3.5 billlion<\/h3>\n<\/li>\n<\/ul>\n
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    LG Energy Solution and Honda Motor Co., Ltd. announced the formal establishment of the joint venture (JV) which will produce lithium-ion batteries for electric vehicles (EV) produced by Honda.<\/p>\n

    They will begin construction of 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.<\/p>\n

    The new plant will be located approximately 40 miles southwest of Columbus in Fayette County, near Jeffersonville. LGES and Honda have committed to investing $3.5 billion and creating 2,200 jobs to establish the new production facility. The companies\u2019 overall investment related to the JV is projected to reach $4.4 billion.<\/p>\n<\/div>\n<\/div>\n

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    Robert H. Lee, CEO of Joint Venture<\/b><\/h6>\n<\/div>\n<\/div>\n
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    \u201cLG Energy Solution has all the right assets to make this joint venture a success, including the financial stability, quality, competitiveness, and production capacity with global operational expertise \u201d. \u201cWith two companies\u2019 expertise combined, we will provide top quality batteries to ensure the successful launch of Honda EVs in North America, and grow with the community here in Ohio by creating high value jobs\u00a0<\/em>\u201d.<\/p>\n<\/div>\n<\/div>\n

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    Rick Riggle, COO of Joint Venture<\/b><\/h6>\n<\/div>\n<\/div>\n
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    \u201cThe formal establishment of this joint venture between LG Energy Solution and Honda to produce EV batteries in Ohio is another major step toward our electrified future\u00bb. \u201cWe are excited to move forward with such a strong partner in LG Energy Solution and, together, we look forward to establishing a strong relationship with the community in Fayette County, Ohio\u00a0<\/em>\u201d.<\/p>\n<\/div>\n

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    <\/div>","protected":false},"excerpt":{"rendered":"

    Follow me   Formally establish battery production joint venture They will build a factory in Ohio And will investing $3.5 billlion LG Energy Solution and… <\/p>\n","protected":false},"author":2,"featured_media":43412,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[7],"tags":[8249,950,126,8324,7002,8072,888],"class_list":["post-44611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-noticias","tag-battery","tag-ev","tag-honda","tag-investing","tag-lg-energy-solution","tag-ohio","tag-production"],"_links":{"self":[{"href":"https:\/\/magazineautomotor.com.mx\/sitio\/wp-json\/wp\/v2\/posts\/44611","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/magazineautomotor.com.mx\/sitio\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/magazineautomotor.com.mx\/sitio\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/magazineautomotor.com.mx\/sitio\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/magazineautomotor.com.mx\/sitio\/wp-json\/wp\/v2\/comments?post=44611"}],"version-history":[{"count":1,"href":"https:\/\/magazineautomotor.com.mx\/sitio\/wp-json\/wp\/v2\/posts\/44611\/revisions"}],"predecessor-version":[{"id":44612,"href":"https:\/\/magazineautomotor.com.mx\/sitio\/wp-json\/wp\/v2\/posts\/44611\/revisions\/44612"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/magazineautomotor.com.mx\/sitio\/wp-json\/wp\/v2\/media\/43412"}],"wp:attachment":[{"href":"https:\/\/magazineautomotor.com.mx\/sitio\/wp-json\/wp\/v2\/media?parent=44611"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/magazineautomotor.com.mx\/sitio\/wp-json\/wp\/v2\/categories?post=44611"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/magazineautomotor.com.mx\/sitio\/wp-json\/wp\/v2\/tags?post=44611"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}