Honda agreed to purchase its co-owned EV battery plant in Ohio from LG Vitality Options because it prepares for an all-new devoted lineup.
Honda buys US EV battery plant from LG for $2.9 billion
The power, L-H Battery Firm, is a part of Honda and LG Vitality’s three way partnership within the US. Honda and LG introduced in October 2022 plans to take a position as much as $4.4 billion to determine the “Honda EV Hub” in Ohio.
Manufacturing was initially anticipated to start by the tip of 2025 with an annual capability of 40 GWh, but it surely was later pushed again till 2026.
Though the power continues to be on monitor to start producing EV batteries subsequent 12 months, it can now be absolutely owned by Honda.
LG Vitality Resolution stated on Wednesday that it plans to promote the Ohio EV battery plant to Honda. In keeping with LG’s regulatory submitting, the sale is price 4.22 trillion received ($2.9 billion) and consists of the constructing and different building-related belongings.
It doesn’t embody the land and tools, the South Korean battery large stated. The ultimate sale value might change, LG famous, however the deal is anticipated to shut on February 28, 2026.
LG stated the transfer is designed to assist enhance operational effectivity. By promoting the constructing and belongings to Honda, LG is passing alongside development prices, a good portion of the general funding.
In keeping with The Korea HeraldHonda and LG’s JV will proceed to function the EV battery plant below a lease settlement. The power continues to be anticipated to start manufacturing in 2026.
Honda will use the batteries to energy up its new devoted EV lineup, beginning with the Acura RSX subsequent 12 months. Will probably be adopted by a brand new SUV and sedan, the primary two fashions from Honda’s 0 Sequence EV lineup. In contrast to the Prologuewhich is predicated on GM’s Ultium platform, Honda’s new EVs might be primarily based on a brand new devoted platform.
Honda may use the plant for power storage techniques. The announcement comes after Ford canceled its EV battery provide cope with LG Vitality Resolution earlier this month, price 9.6 trillion received (6.6 billion).
LG Vitality is increasing its power storage enterprise as a security web after the Trump Administration killed off the $7,500 EV tax credit score and different insurance policies designed to spice up adoption.
Whereas Honda prepares for an all-new lineup, its present electrical SUV is on sale with leases beginning below $300 a month and 0% APR financing. In the event you’re taken with a take a look at drive, use this hyperlink to search out obtainable Honda Prologue fashions close to you.
FTC: We use revenue incomes auto affiliate hyperlinks. Extra.
All-Purpose Stainless Steel Shower Squeegee for Shower Glass Door with 2 Adhesive Hooks, Bathroom Cleaner Tool Household Window Mirror Squeegee , Cleaning Tile Wall, Car, 10 Inch Silver
$9.99 (as of December 25, 2025 05:17 GMT -08:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
USANOOKS Microfiber Cleaning Cloth Grey - 12 Pcs (12.5"x12.5") - High Performance - 1200 Washes, Ultra Absorbent Microfiber Towel Weave Grime & Liquid for Streak-Free Mirror Shine - Car Washing Cloth
$7.98 (as of December 25, 2025 05:17 GMT -08:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
ANCEL AD310 Classic Enhanced Universal OBD II Scanner Car Engine Fault Code Reader CAN Diagnostic Scan Tool, Read and Clear Error Codes for 1996 or Newer OBD2 Protocol Vehicle (Black)
$29.99 (as of December 25, 2025 05:17 GMT -08:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
YESLIFE Balaclava Ski Mask for Men and Women, Winter Face Mask, Shiesty for Skiing, Snowboarding & Motorcycle
$5.98 (as of December 25, 2025 05:17 GMT -08:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Kaistyle for Magsafe Car Mount【20 Strong Magnets】Magnetic Phone Holder for Car Phone Holder Mount Dash Mounted Holders Cell Phone Holders for Your Car Accessories for Women Men for iPhone 17 16 15 14
$9.98 (as of December 25, 2025 05:17 GMT -08:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
AstroAI Tire Inflator Portable Air Compressor Air Pump for Car Tires-Car Accessories, 9.8Ft Cord-12V DC-Powered Auto Pump with Digital Pressure Gauge, Emergency LED Light for Bicycle, Balloons, Yellow
$27.17 (as of December 25, 2025 05:17 GMT -08:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
AstroAI 27" Snow Brush and Ice Scrapers for Car Windshield, Detachable Snow Scrapers with Ergonomic Foam Grip for Cars, Trucks, SUVs (Heavy Duty ABS, PVC Brush, Orange)
$16.99 (as of December 25, 2025 05:17 GMT -08:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
