LG Energy Solution, Honda to Build Battery Factory in Ohio

JEFFERSONVILLE, OH—South Korean battery maker LG Energy Solution has entered into a partnership with Japanese carmaker Honda Motor to build a new battery factory here.

Construction of the joint venture battery factory, tentatively named L-H Battery Co., is slated to begin this year with the aim of finishing by the end of 2024. Production of lithium-ion battery cells could begin in 2025.

The factory will have a production capacity of around 40 gigawatt-hours annually with all the battery output dedicated for use in Honda’s electric vehicles in North America.

The two companies have committed to investing $3.5 billion in the facility, a project that could help create more than 2,000 jobs. Their overall investment is expected to reach $4.4 billion.

Experts say the joint venture was likely spurred by the Inflation Reduction Act, signed by U.S. President Joe Biden in August. Under its guidelines, electric cars must be assembled in North America to qualify for tax credits, a move that has prompted various automakers and battery manufacturers to bring new investments to the United States.

The ASSEMBLY Show South

ASSEMBLY is thrilled to return to the Music City Center in Nashville, TN for The ASSEMBLY Show SOUTH on May 1-2, 2024. This is a booming time for manufacturing and the U.S. South is right in the heart of the action. According to ASSEMBLY’s most recent annual capital spending survey, the South is projected to account for 31 percent of total spending this year, marking the fifth straight year this region has accounted for at least 30 percent of capital spending in the U.S.

In this session, manufacturers will learn how Quality function deployment (QFD) can transform consumers’ qualitative demands into quantitative parameters that will shape the design of their product and, ultimately, their manufacturing process.

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