LG Energy Solution and Honda establish their EV battery production JV in Ohio, USA

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

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

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

Honda and LG Energy Solution today held the official groundbreaking ceremony for a new joint venture EV battery plant over 2 million square feet in size, to be located in Fayette County, near Jeffersonville, Ohio. The two companies have committed to invest $3.5 billion in the new joint venture (JV) facility, with their overall investment projected to reach $4.4 billion. The facility is scheduled to be completed by...

1 March 2023

Piedmont Lithium, a leading global developer of lithium resources critical to the U.S. electric vehicle supply chain, announced that it has signed agreements with LG Chem, under which LG Chem will make a $75 million equity investment in Piedmont and commit to the offtake of 200,000 metric tons of spodumene concentrate (SC6) from Piedmont's jointly-owned North American Lithium over a four-year term. LG Chem will...

19 February 2023

According to SNE Reasearch, the global battery usage for 2022 has been 518GWh - a 517.9% growth YoY. For this year, the research agency expects 749 GWh of batteries to be deployed in EVs, PHEVs, and HEVs. Being a South Korean company, SNE Research pays special attention to the three local companies that are major players in the EV battery market - Samsung SDI, SK On, and LG Energy Solution. Their production is...

8 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

According to Digitimes Research reported by Digitimes Asia, the global sales of electric vehicles have reached 9.78 million units in 2022. The projected growth for this year is 49% to 14 million units sold globally. Of those, 9 million are expected to be sold in China only. Even now, China's share of the global EV sales is higher than 60%. For comparison, Europe sales account for 24% of the total sales, and USA...

11 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

CATL and Honda announced that from 2024 through 2030, Honda will purchase 123 GWh of batteries for pure electric vehicles in China from CATL. In 2020, CATL and Honda signed an agreement to form a comprehensive strategic alliance on new energy vehicle batteries, which has enabled the two companies to cooperate in a broad range of areas including joint development, stable supply, and the recycling and reuse of...

14 December 2022