FAYETTE COUNTY, Ohio —– Honda and LG Energy Solution have broken ground on a new joint venture electric vehicle (EV) battery plant in Fayette County, Ohio.
The 2 million square foot facility will produce lithium-ion batteries to support Honda’s plan to build EVs in North America.
The companies will invest $3.5 billion in the new JV facility, with their overall investment projected to reach $4.4 billion.
The facility is expected to be completed by the end of 2024 and will create 2,200 jobs. The JV company will deliver lithium-ion batteries with cutting-edge technology to support Honda’s plan to build battery-electric vehicles in North America.
Ohio Governor Mike DeWine and Lieutenant Governor Jon Husted were among those who attended the official groundbreaking ceremony. Honda plans to begin production and sales of Honda EVs in North America in 2026, based on its new Honda e:Architecture.
