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Honda, LG Energy Solution to launch EV battery plant in US

( August 29, 2022, 07:30 GMT | Official Statement) -- MLex Summary: Honda Motor and LG Energy Solution announced that they are forming a joint-venture company to produce lithium-ion batteries in the US. The Japanese carmaker and South Korean battery maker said they will invest $4.4 billion for the new plant in the US, whose location has “yet to be finalized,” to produce batteries for Honda and Acura electric-vehicle models by the end of 2025.The joint-statement follows:...

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