Honda & LG Energy Solution Announce Ohio as Home to $3.5 Billion EV Battery Plant

Honda and LG Energy Solution have announced that their new joint venture (JV) battery plant will be located in Fayette County, Ohio. The two companies will commit to investing $3.5 billion and creating 2,200 jobs.

The JV will be formally established in 2022, pending regulatory approvals. The two companies plan to begin construction in early 2023, in order to complete the new production facility by the end of 2024.

The plant aims to have approximately 40GWh of annual production capacity as it starts mass production of pouch-type lithium-ion batteries by the end of 2025.

The EV batteries produced at the new JV plant will be provided to Honda auto plants to produce EVs to be sold in North America.

Dong-Myung Kim, Executive Vice President of Advanced Automotive Battery Division at LG Energy Solution, says: “In another major step toward electrification, LG Energy Solution’s innovative battery technologies will not only power Honda’s brand-new EV models but support Ohio’s green economy. We extend our gratitude to everyone who played a role in making this happen. With our commitment to building the world-best quality products, together with Honda, we look forward to not only creating thousands of quality jobs here in Ohio, but growing together with the community.”

“Honda is proud of our history in Ohio, where our U.S. manufacturing operations began more than four decades ago. Now, as we expand Honda’s partnership with Ohio, we are investing in a workforce that will create the power source for our future Honda and Acura electric vehicles,” adds Bob Nelson, executive vice president of American Honda Motor Co., Inc. “We want to thank the leaders of the state of Ohio, as well as in Fayette County, Jefferson Township, Jeffersonville, and Washington Court House for welcoming this new joint venture between Honda and LG Energy Solution and giving us another Ohio community to call home.”

Honda has announced plans to begin production* and sales of Honda EVs in North America in 2026, based on its new Honda e:Architecture.