Honda and South Korean battery maker LG Energy Solution recently held a groundbreaking ceremony for a new joint-venture EV battery plant near Jeffersonville, Ohio. The two companies have committed $3.5 billion to the project, with overall investment projected to reach $4.4 billion. The facility is expected to be completed by the end of 2024, with mass production of pouch-type lithium-ion batteries beginning by the end of 2025. The target is an annual production capacity of approximately 40 GWh.
In addition, Honda has announced plans to invest $700 million in retooling several existing auto and powertrain plants in Ohio for production of EVs using batteries made at the new facility. The automaker also plans to begin production and sales of Honda EVs in North America in 2026.
The joint venture between Honda and LG Energy Solution is a major step forward in the development of electric vehicles. The new plant will provide a reliable source of high-quality batteries for Honda’s EV production, while the retooling of existing plants will help ensure that Honda’s EVs are competitively priced and widely available. This investment is a sign of Honda’s commitment to the future of electric vehicles and its dedication to providing customers with the best possible EV experience.
FAQ
Q1: Are electric car batteries recyclable?
A1: Yes, electric car batteries are recyclable.
Q2: Are electric car chargers free?
A2: It depends on the charger and the location. Some electric car chargers are free, while others may require a fee.
Q3: Can electric car batteries be rebuilt?
A3: Yes, electric car batteries can be rebuilt with the right tools and knowledge.
