Company
Honda Motor
NYSE:HMC
Honda Motor Co., Ltd. (Honda) develops, produces and manufactures a variety of motor products. The Company has four business segments.
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Honda and LG Energy Solution to build US joint venture battery plant in Ohio
The firms said they are initially committing to investing $3.5 billion and creating 2,200 jobs at the plant but said the overall investment is projected to reach $4.4 billion
Honda Motor and LG Energy Solution say they will set up a new lithium-ion battery plant for electric vehicles in the US
The investment will be $4.4 billion, the two companies said, and they are aiming for annual production capacity of approximately 40 gigawatts hour (GWh) with the batteries supplied exclusively to Honda facilities in North America