LG Energy Solution and Honda to Form Joint Venture for EV Battery Production in the U.S.
The pouch-type batteries produced at the new JV plant will be supplied exclusively to Honda facilities in North America.
- The pouch-type batteries produced at the new JV plant will be supplied exclusively to Honda facilities in North America.
- "Our joint venture with Honda, which has significant brand reputation, is yet another milestone in our mid- to long-term strategy of promoting electrification in the fast-growing North American market," said Youngsoo Kwon, CEO of LG Energy Solution.
- LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems.
- Honda and its partners build products in more than 60 manufacturing plants in 27 countries, employing about 220,000 associates globally.