LG and Honda formalise joint venture to produce lithium-ion batteries in the US

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The new battery plant will exclusively supply Honda plants in North America to power battery-electric vehicles produced and sold in in the region

As announced last year the new plant will be in Fayette County, Ohio, about 40 miles southwest of Columbus. Having now formalised the joint venture (JV), construction of the battery plant will begin early this year with the goal of completion by the end of 2024

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