LG Energy Solution and Honda break ground for new EV battery plant in Ohio.
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LG Energy Solution and Honda break ground for new EV battery plant in Ohio.

The new LG Energy Solution and Honda battery plant will be completed by the end of 2024 and have an annual production capacity of 40 GWh.

JEFFERSONVILLE, Ohio – Honda and LG Energy Solution have officially broken ground on their new joint venture electric vehicle (EV) battery plant in Fayette County, near Jeffersonville, Ohio. The facility, which will be over 2 million square feet in size, will have an overall investment of $4.4 billion from Honda and LG Energy Solution.

The new plant is scheduled to be completed by the end of 2024 and will create 2,200 jobs, with the aim of producing around 40 GWh of annual production capacity. The JV company will deliver lithium-ion batteries with cutting-edge technology to support Honda’s plan to build battery-electric vehicles in North America.

The groundbreaking ceremony was attended by Toshihiro Mibe, president and CEO of Honda Motor Co., Ltd., Dong-Myung Kim, president and head of the Advanced Automotive Battery Division of LG Energy Solution, Ohio Governor Mike DeWine, Lieutenant Governor Jon Husted, other members of state government, and local community officials.

The CEO and COO of the new JV company, Robert H. Lee and Rick Riggle, also revealed a rendering of the new facility at the ceremony. It will be located about 40 miles southwest of Columbus, in Jeffersonville, Ohio.

The joint venture between Honda and LG Energy Solution was formally established on Jan. 12, 2023, after the location was announced on Oct. 11, 2022. The plant’s goal is to start mass production of pouch-type lithium-ion batteries by the end of 2025, to provide these batteries exclusively to Honda’s North American EV production plants.

In addition to this joint venture, Honda has revealed plans to invest $700 million in retooling several of its existing Ohio-based auto and powertrain plants for the production of electric vehicles. These EVs will utilize the batteries manufactured at the new joint venture facility. Honda is aiming to begin production and sales of its EVs in North America in 2026, based on its new Honda e:Architecture.

As part of its commitment to achieving carbon neutrality for all products and corporate activities by 2050, Honda has set a goal of making battery-electric and fuel-cell electric vehicles account for 100% of its vehicle sales by 2040.

LG Energy Solution is pushing to accelerate the global transition to electric vehicles through its extensive battery manufacturing network. With an annual production capacity of 200GWh, the company is on track to expand this to 300GWh by the end of the year. This expansion is supported by LG Energy Solution’s position as the largest global battery manufacturer.

Also Read: BMW launches a fleet of iX5 Hydrogen FCEVs for trials.

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  1. Pingback: Honda reveals its next steps in preparation for the US EV production - Electrikez

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