Honda buys out EV battery plant in the US for nearly $3B as it preps for an all-new lineup
December 29, 2025
Honda agreed to buy its co-owned EV battery plant in Ohio from LG Energy Solutions as it prepares for an all-new dedicated lineup.
Honda buys US EV battery plant from LG for $2.9 billion
The facility, L-H Battery Company, is part of Honda and LG Energy’s joint venture in the US. Honda and LG announced in October 2022 plans to invest up to $4.4 billion to establish the “Honda EV Hub” in…