Honda and LG investing $4.4B to build batteries in the US
August 29, 2022
Although many Japanese automakers are falling behind in the EV race, Honda is taking a big step today to solidify its place in the future of automobiles. Honda announced Monday that it will be forming a new joint venture with LG Energy Solution to build EV batteries in the US.
Japanese automakers have been slow thus far to join the growing movement toward electric vehicles, with two of the…