Honda Secures Assets of LG Energy Solution’s U.S. Joint Venture Battery Plant for $2.9 Billion, Accelerating North American Electrification Strategy
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Author:小编   

On December 24, Honda Motor revealed its plan to purchase the Ohio-based facilities and related assets of LG Energy Solution’s joint venture battery plant in the United States, for a total of $2.9 billion. The deal is projected to close by the end of February 2026. This strategic acquisition is set to enhance Honda’s independence and reliability within the North American electric vehicle (EV) battery supply chain, representing a significant milestone in Honda’s broader ambition to solidify its position in the region’s new energy vehicle (NEV) ecosystem.