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

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

Honda has announced its ambition to dramatically scale up its smart vehicle charging service, e:PROGRESS, during the brand’s media event in Offenbach, Germany. The brand confirmed that e:PROGRESS will be available for future owners of the all-new e:Ny1 full EV and CR-V e:PHEV plug-in hybrid. Within the next 12 months, the service will be offered in more European markets and then Honda will plan to expand the service...

12 May 2023

Honda e:Ny1 is the next all-electric vehicle by the brand. It was unveiled at Honda's European Media Event in Offenbach, Germany. It is the brand’s second pure EV to arrive in the region, following on from the widely acclaimed Honda e city car, and is designed to meet the growing customer demand for all-electric B-segment SUVs. Offering a fresh, distinctive design and the latest advanced technology, the e:Ny1...

12 May 2023

At the end of January earlier this year, Honda and GS Yuasa announced that they have begun discussions with the aim of establishing a joint venture to meet the rapidly expanding demand for lithium-ion batteries by the end of 2023. The goal was to establish a JV by the end of the year. Today, Honda and GS Yuasa announced that they have signed the JV agreement. The new company is named "Honda GS Yuasa EV Battery R&D...

11 May 2023

SNE Research reported that the global EV battery market has recorded a 38.6% YoY growth in Q1 of 2023. The total amount of energy held by batteries for pure EVs, PHEVs, and HEVs was around 133 GWh. CATL remains the top market player with a growth rate of 35.9% and 35% market share. BYD experienced a staggering growth in the Q1 of 115.5% but ranks second in market share with 16.2%. LGES is third with a growth rate of...

5 May 2023

Honda China showcased three concept battery electric vehicles at Auto Shanghai. These are the Honda e:NP2, Honda e:NS2, and the Honda e:N SUV. The production versions of these vehicles will debut in China next year and will be joined by six other EVs by 2027. The goal of Honda China is to sell only BEVs in the local market by 2035. While there are no specific details about the concepts, it is known that the Honda...

18 April 2023

POSCO Holdings Inc. and Honda Motor Co., Ltd. announced that they have begun exploring a comprehensive partnership toward the realization of carbon neutrality. The two companies reached this agreement based on their belief that it is necessary for the two companies to leverage the strengths of each company, such as environmental and electrification technologies, and explore future collaboration to further accelerate...

13 April 2023

LG Energy Solution today announced it will invest approximately KRW 7.2 trillion (USD 5.5 billion) to construct a battery manufacturing complex in Queen Creek, Arizona. The complex will consist of two manufacturing facilities - one for cylindrical batteries for electric vehicles (EV) and another for lithium iron phosphate (LFP) pouch-type batteries for energy storage systems (ESS). It marks the largest single...

24 March 2023

LG Chem aims to enforce its battery material patent rights amid intensifying technological competition with the aim of dominating the global advanced battery market as demand for electric vehicles (EVs) continues to rise. LG Chem today proposed to license out its high-nickel cathode material patent to China-based cathode material suppliers. To that end, LG Chem plans to enforce its patent rights against other global...

20 March 2023

Honda today announced key next steps in the establishment of its EV Hub in Ohio, USA. The Marysville Auto Plant (MAP), where Honda began auto production in America in 1982, will be Honda’s first auto plant in the U.S. to transition to making EVs. It will be transformed together with the East Liberty Auto Plant (ELP) and Anna Engine Plant (AEP) to build Honda's EV Hub in North America. Each Honda auto production...

14 March 2023

LG Energy Solution, Ford, and Koç Holding signed a non-binding Memorandum of Understanding (MoU) to form a new joint venture subject to final agreement by all the parties to create one of Europe's largest commercial electric vehicle battery cell facilities near Ankara, Turkey, strengthening the foundation for Ford's electric future in Europe. The new joint venture will be located in an organized industrial zone in...

22 February 2023

The Global Battery Alliance (GBA), the world's largest multi-stakeholder organization to establish a sustainable battery value chain by 2030, today launched the proof of concept for its Battery Passport at the World Economic Forum’s Annual Meeting in Davos. The Battery Passport is key to facilitating the rapid scaling of sustainable, circular, and responsible battery value chains to meet the targets of the Paris...

18 January 2023

LG Energy Solution and Honda announced the formal establishment of the joint venture (JV) which will produce lithium-ion batteries for electric vehicles (EV) produced by Honda. The JV will begin construction of a new battery plant early this year with the goal of completion by the end of 2024 and starting mass production of advanced lithium-ion battery cells by the end of 2025. The plant aims to have an annual...

16 January 2023

At CES 2023, Sony Honda Mobility unveiled the brand for its future EVs - Afeela. The three main brand values are Autonomy, Augmentation, and Affinity: Autonomous intelligence for mobility. Where Afeela aims to create the essential foundations for safety and security. Using sensors and many intelligent technologies, we will realize mobility with peace of mind. Augmentation - mobility space built upon safety and...

5 January 2023