LG Energy Solution (LGES) and Honda have reached a significant milestone in the construction of their joint venture electric vehicle (EV) battery production facility in Ohio. The companies recently erected the final structural steel beam at the new facility, located near Jeffersonville, Ohio.
Expected to be completed by the end of 2024, the facility represents a substantial investment of $4.4 billion and is projected to create approximately 2,200 new jobs. Once operational, the joint venture aims to start mass production of pouch-type lithium-ion batteries in 2025. These batteries will be supplied to Honda auto plants to produce EVs for the North American market.
See also:Ā LG Energy Solution and Honda Break Ground on Joint EV Battery Plant in Ohio
Bob Lee, CEO of the LG Energy Solution-Honda joint venture, expressed gratitude to everyone involved in the project, stating, “One year ago, we were breaking ground in an empty field and today we can see the finish line for this project, and we want to thank everyone working at the site and the local community who have made this possible.”
In addition to the progress in construction, the joint venture is actively hiring for the plant. Rick Riggle, COO of the new joint venture company, emphasized the importance of these job opportunities, saying, “We will continue to announce new career opportunities in the coming months that we hope will inspire the next-generation workforce to get involved in the advanced manufacturing roles that will help produce lithium-ion batteries and will power the Acura and Honda EV models that will go into production in Ohio in late 2025.”
See also:Ā Honda and LG Energy Solutions Break Ground on $3.5 Billion EV Battery Plant in Ohio
The construction of the new facility and the establishment of the joint venture highlight the commitment of LG Energy Solution and Honda to advancing sustainable mobility solutions in North America.
