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Business
Riddhima Chakraborty

Want More Passive Income? Give This Dividend King a Try

HMC Auto Vehicle Manufacturers Honda Motor Co Ltd

Japan-based auto company Honda Motor Co., Ltd. (HMC) recently announced the set-up of a new joint venture battery plant with LG Energy Solution in Fayette County, Ohio. The two companies will invest $3.50 billion and aim to create 2,200 jobs. This investment is expected to generate lucrative benefits for both companies.

Moreover, HMC surpassed consensus revenue estimates by 4.6% in its latest reported quarter ended September 30, 2022.

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