LG Energy Solution and Honda break ground for new joint venture EV battery plant in Ohio

Korean news agency Yonhap reports that LG Energy Solution, Ford, and Koç Holding scrap plans to build an EV battery JV in Türkiye. Earlier this year, on February 22, the three companies signed a non-binding Memorandum of Understanding (MoU) to form a new joint venture to create one of Europe's largest commercial electric vehicle battery cell facilities near Ankara, Türkiye. The agreement was subject to final...

13 November 2023

During his speech at the Japan Mobility Show, Honda Motor's Director, President and Representative, Toshihiro Mibe presented Honda's vision for its future development. Among all other things, he briefly introduced the Honda Prelude Concept. Honda has always been committed to creating sporty vehicles. And the word "prelude" means an "introductory or preceding performance." This model will become the prelude for...

25 October 2023

Honda and Mitsubishi announced the signing of a memorandum of understanding (MoU) to begin discussions toward the creation of new businesses with an aim of leveraging the strengths of both companies to build sustainable business models in light of anticipated growth in the electric vehicle (EV) market toward a decarbonized future society. The two companies will explore the possibility of new businesses with the goal...

17 October 2023

LG Energy Solution and Toyota Motor North America today announced that they have signed a supply agreement for lithium-ion battery modules to be used in Toyota battery electric vehicles (BEVs) that will be assembled in the United States. Under the contract, LG Energy Solution will supply automotive battery modules at an annual capacity of 20GWh starting from 2025. The battery modules, consisting of high-nickel NCMA...

4 October 2023

Governor Brian P. Kemp today announced that Hyundai Motor Group and LG Energy Solution (LGES) will invest an additional $2 billion in their battery cell manufacturing joint venture (JV) at the Metaplant in Bryan County, raising the JV’s total investment value to more than $4.3 billion. This expansion will create another 400 new jobs. In May 2023, Hyundai Motor Group and LGES signed a memorandum of understanding...

1 September 2023

Acura, a brand developed by Honda Motor Co., Ltd. in the United States, announced that the all-electric Acura ZDX and the Acura ZDX Type S SUVs will be unveiled to the world on August 17 during Monterey Car Week. Both are scheduled to go on sale in early 2024 and will feature smartly integrated and intuitive technologies as standard, including Google integration, a first for Acura with the latest apps and services...

10 August 2023

Vitesco Technologies is delivering its integrated axle drive EMR3 (3rd generation, Electronics Motor Reducer) to Honda for its new B-segment all-electric SUV. In Europe this vehicle, based on Honda's new e:N Architecture F, will be marketed under the name Honda e:Ny1. The E-drive is a 3-in1-unit integrating power electronics, electric motor, and reducer. It is the third generation of Vitesco Technologies’ integrated...

2 August 2023

The fully electric Honda e:Ny1 is a dynamic, stylish, and highly practical B-segment SUV aimed at younger buyers. It is the brand's second fully electric vehicle (EV) for Europe. The model is available in two trim levels: Honda e:Ny1 Elegance - specifications Honda e:Ny1 Advance - specifications The e:Ny1 uses Honda’s newly-developed e:N Architecture F high-performance front-motor-driven platform, which will be used...

31 July 2023

U.S. is on the cusp of an electric vehicle (EV) revolution, as EVs are expected to make up half of new car sales worldwide by 2035 (Goldman Sachs). At the forefront of this growing market, LG Energy Solution Michigan’s second battery plant is now on track, with the aim of expanding its capacity five-fold. LGES Michigan is investing USD 1.7 billion into the expansion project, adding an additional 1.7 million square...

25 July 2023

NextStar Energy, the vehicle battery joint venture between Stellantis and LG Energy Solution, signed a binding agreement that secures the future of battery cell and module production in Windsor, Ontario and honors the commitments that were made by the Canadian government to level the playing field with the U.S. Inflation Reduction Act (IRA). Effective immediately, all construction at the NextStar Energy battery...

7 July 2023

LG Chem announced in South Korea that it has started mass production of high-nickel single-particle (single crystal) cathode materials for next-generation EV batteries at its Cheongju cathode material plant in June. The first batch of products will be sent to global customers in July. LG Chem plans to expand its single-particle cathode material production line to its Gumi plant by 2027 and expand its total...

29 June 2023

The first volume EV from Honda, the all-new 2024 Honda Prologue SUV, will offer customers the latest digital services technology and features, with wireless Google1 built-in, and wireless Apple CarPlay and Android Auto compatibility. The all-electric Honda Prologue will go on sale in early 2024. For seamless on-the-go digital services, the 2024 Honda Prologue will be the first Honda SUV to come with Google built-in...

21 June 2023

LG Energy Solution and Honda marked another major milestone of construction for its new joint venture EV battery facility this week when the first steel beam was installed at the plant site in Jeffersonville, Ohio. The companies have committed to invest $3.5 billion, with plans to create 2,200 jobs, in the over 2 million square feet facility, with an overall investment projected to reach $4.4 billion. The new joint...

21 June 2023

LG Energy Solution (LGES) and Hyundai Motor Group announced an EV battery cell manufacturing joint venture in the U.S. today. LGES and Hyundai Motor Group signed a memorandum of understanding to produce EV batteries in the U.S. and further accelerate the Group’s electrification efforts in North America. The signing ceremony took place in LGES’s headquarters in Seoul on May 26 with the attendance of Youngsoo Kwon...

25 May 2023