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29 Aug
14:56

Honda, LG Energy Solution to develop US battery production plant

LG Energy Solution and Honda Motor Co have assigned an agreement to establish a joint venture company to produce lithium-ion batteries in the United States, Kallanish reports. The plant will produce batteries to power Honda and Acura EV models for the North American market. The companies will invest $4.4 billion to establish the new battery plant in the US. The plant will have an annual production capacity of 40 gigawatt-hours of pouch-type batteries. No location…
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