Honda and LG Energy Solutions confirmed this morning that the two companies would open a US battery plant in Ohio. The companies announced in August that they would open a battery plant stateside, but at that time, they did not have a location.
As per reporting by Reuters, the new joint venture will invest $4.4 billion into the plant and the surrounding area. It is estimated that the new plant will create 2,200 jobs in the region.
This investment by Honda in Ohio is part of a broader investment in North America by the Japanese-based automaker. In addition to the plant, Honda is investing $700 million to re-tool existing Honda plants for EV production.
This includes three Ohio engine plants, adding 300 new jobs to the state in the coming years.
Honda is planning to begin production of Honda EVs in North America in 2026. The new Honda EVs will be based on Honda’s new e: Architecture.
The plant will be located about 40 miles southwest of Columbus, Ohio, with construction planned to start in 2023.
The plant is still pending regulatory approvals at the state and local level.
However, the company does not foresee any problems getting through the approval stage in the next few months.