Car Detail Guys

Automotive News From Around the World
Menu
  • best car polish
  • best car wax
  • best scratch remover
  • car detailing
  • car detailing products
  • car scratch remover
  • News
  • Reviews
  • scratch doctor
  • swirl marks on car
  • Technology
  • Top Stories
  • Uncategorized

Honda’s new $4.4 billion EV battery plant will be built in Ohio

Jeff Lincoln October 11, 2022

An employee inspects the doorway of a 2018 Honda Accord auto through creation at the Honda of The united states Manufacturing Inc. Marysville Vehicle Plant in Marysville, Ohio, on Thursday, Dec. 21, 2017.

Ty Wright | Bloomberg | Getty Illustrations or photos

Honda Motor and LG Electricity Solution on Tuesday reported a new multibillion-greenback plant to deliver batteries for electric automobiles will be positioned in Ohio.

Construction of the new facility – located about 40 miles southwest of Columbus – is predicted to start off in early 2023, followed by mass generation of lithium-ion batteries by the end of 2025.

New cars selling for the biggest premiums above sticker price
New cars selling for the biggest premiums above sticker priceRead more

The battery plant is anticipated to cost $3.5 billion, with general financial investment by the unnamed joint venture sooner or later achieving $4.4 billion, the businesses mentioned.

Honda and LGES announced programs for the joint enterprise and battery plant final yr, but had not revealed a site. The facility is envisioned to employ about 2,200 folks, the organizations reported.

In addition to the new battery plant, Honda on Tuesday reported it programs to spend $700 million to retool many of its present automobile and powertrain plants for manufacturing of EVs. The Japanese automaker expects to start out production and product sales of EVs in North The united states in 2026.

The announcements are element of a number of new multibillion-greenback investments in U.S. output of EVs and batteries amid tightening emissions rules and legislation to really encourage domestic manufacturing.

Automakers are dealing with stricter sourcing guidelines that are component of the United States-Mexico-Canada Arrangement (previously the North American Free of charge Trade Settlement) and, far more a short while ago, the Inflation Reduction Act. Equally insurance policies amplified requirements for domestically sourced vehicle components and elements in order to prevent tariffs or qualify for economical incentives.

Honda has programs to period out standard interior combustion engines and solely present battery-electric and fuel cell electric motor vehicles by 2040 in North The us. It is really element of the company’s ideas to obtain carbon neutrality by 2050.

LGES – a spinoff from LG Chem – has also announced joint ventures with Normal Motors, Hyundai Motor and Jeep maker Stellantis.

Prev Article
Next Article

Related Articles

These 10 used cars have held their value the most
martin-dm | E+ | Getty Images Sports activities cars and …

These 10 used cars have held their value the most

AutoNation stock hits all-time high after solid earnings
Cars are exhibited for sale at an AutoNation auto dealership …

AutoNation stock hits all-time high after solid earnings

About The Author

Jeff Lincoln

Recent Posts

  • New Electric Vehicles 2022
  • Toyota Off Roading Car
  • Good Off Roading Vehicles
  • Best Full Size Pick Up Truck
  • Cheapest Full Size Sedan

Car Detail Guys

Automotive News From Around the World
Copyright © 2023 Car Detail Guys
Theme by Fashion Lift Tape

Ad Blocker Detected

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker.

Refresh
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}