Honda, LG to Construct $3.5 Billion Battery Plant, Rent 2,200 in Ohio
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COLUMBUS, Ohio — Honda says it’s going to construct a $3.5 billion joint-venture battery manufacturing facility in rural southern Ohio and rent 2,200 folks to employees it as the corporate begins to show the state into its North American electrical car hub.
Honda, which introduced its first Ohio manufacturing facility 45 years in the past, additionally plans to take a position $700 million and add 300 jobs at three of its personal Ohio factories to organize them to start out making EVs and parts.
The battery plant, to be constructed collectively with LG Power Resolution of South Korea, might see a complete funding of $4.4 billion. The plant website is off Interstate 71 in Fayette County, about 40 miles southwest of the state capital of Columbus.
As well as, Honda’s meeting crops in Marysville and East Liberty, northeast of Columbus, and its engine plant in Anna north of Dayton, will share within the $700 million funding. The Anna plant will make instances to carry the battery cells, whereas the opposite two crops will construct full electrical automobiles.
Building on the battery plant will begin early subsequent yr, with mass manufacturing of pouch-type lithium-ion cells to start by the tip of 2025. The plant will produce batteries solely for Honda automobiles assembled in North America, together with the corporate’s Acura luxurious model.
Honda’s announcement follows a number of waves of battery and electrical car meeting plant bulletins within the U.S. and North America as automakers attempt to set up a home provide chain for the following era of auto propulsion. Ford, Normal Motors, Toyota, Hyundai-Kia, Stellantis and VinFast of Vietnam have introduced plans for 10 U.S. battery crops, many with three way partnership corporations.
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