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Motor1
Business
Chris Bruce

Honda And LG Create Joint Venture To Build Battery Plant In US

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Honda and LG announce a joint venture to build a $4.4-billion EV battery plant in the United States exclusively for the automaker's vehicles. The companies are not announcing a location for the factory yet but plan to break ground in early 2023. Production would begin by 2025 with an annual capacity of 40 gigawatt-hours.

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