Honda, LG Will Build $4.4 Billion EV Battery Plant in US

“Honda is working toward our target to realize carbon neutrality for all products and corporate activities the company is involved in by 2050,” Toshihiro Mibe, chief executive officer of Honda, said in a statement. “Aligned with our longstanding commitment to build products close to the customer, Honda is committed to the local procurement of EV batteries which is a critical component of EVs. This initiative in the U.S. with LG Energy Solution, the leading global battery manufacturer, will be part of such a Honda approach.”