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Name of the Project
Electric vehicle (EV) battery plant.
Location
Fayette County, Ohio, in the US.
Project Owner/s
The project is a joint venture between LG Energy Solution (LGES) and Honda.
Project Description
The project entails the construction of a 185 800 m2 EV battery plant that will produce about 40 GWh/y. The plant will exclusively supply Honda automotive plants to support the company’s plan to build battery EVs in North America.
Potential Job Creation
The project is expected to create 2 000 jobs.
Capital Expenditure
LGES and Honda have committed to invest $3.5-billion in the new facility, with their overall investment projected to reach $4.4-billion.
Planned Start/End Date
The project broke ground in February 2023, with completion expected by the end of 2024. The plant aims to start mass production of pouch-type lithium-ion batteries by the end of 2025.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
LGES Media Relations Team /LG Energy Solution Sally Seung Yeon Lee, tel +82 2 3773 6571 or email lsyciel@lgensol.com.
American Honda Motor Co, Chris Abbruzzese, email Chris_Abbruzzese@na.honda.com.