Honda and LG Energy Solutions to Build a $4.4 Billion Joint Venture EV Battery Plant in the U.S.

Japan’s Honda Motor Co and battery maker LG Energy Solutions (LGES) are investing $4.4 billion to build a joint venture electric vehicle battery factory in the U.S. The factory will produce lithium ion batteries for Honda and Acura vehicles for the North American market. The battery plant aims to have an annual production capacity of approximately 40GWh, which is enough batteries to power up to 500,000 vehicles.

Eric Walz2022-10-05 10:30 PT

General Motors & LG Investing $2.3 billion in a New EV Battery Factory in Tennessee

Ultium Cells LLC, the joint venture of LG Energy Solution and General Motors, today announced a $2.3 billion plus investment to build a second EV battery cell manufacturing plant in the U.S. The new facility will be located in Spring Hill, Tennessee. Construction on the approximately 2.8 million-square-foot EV battery plant will begin immediately GM said.

Eric Walz2021-05-23 10:25 PT

Battery Maker LG Chem Aims to Supply Tesla with Batteries in 2023, Plans to Build a New Factory in the U.S. or Europe

Battery maker LG Chem is aiming to build electric vehicle batteries for Tesla by 2023. To support its goal, LG is planning to build a new battery factory in the U.S. or Europe, where its will produce the battery cells for Tesla.

FutureCar Staff 2021-04-15 18:00 PT