The two companies are investing $4.4 billion towards a new U.S.-based battery production facility.

honda teams up with south korean tech giant lg to produce ev batteries

With the advent of electric vehicles, technology companies have been making a killing. This isn’t true only for the sophisticated software found in EVs, but with the batteries, too. Indeed, battery technology has advanced leaps and bounds over the past few decades. I still remember the time when a small power bank retailed for close to $100. These days, they’re being sold for as low as $30. That said, the same is true for batteries in EVs.

Oftentimes automotive manufacturers won’t bother reinventing the wheel when it comes to batteries. Instead, they turn to experts in the field, most of the time from countries such as Taiwan, China, or South Korea. Honda is no exception, and has recently announced a partnership with South Korean tech company LG for the development of batteries. A new battery manufacturing facility for electric vehicles will be built in the United States with a $4.4 billion investment from Honda Motor and LG Energy Solution.

As the industry seeks to comply with stiffer restrictions and quicken the manufacturing of such zero-emission cars and trucks, the news represents the latest ambitions by automakers to invest in American manufacture of battery cells for electric vehicles. By the end of 2025, according to Honda and LG Energy, mass manufacturing of sophisticated lithium-ion battery cells is anticipated to start at their facility. A joint venture between the corporations, which is anticipated to be launched this year, will construct and manage the facility.

The multibillion-dollar plant’s location was not disclosed by Honda or LG Energy Solution, although automakers often situate battery production in close proximity to their assembly lines. There is a good probability that the facility will be located in one of the three states where Honda now has significant manufacturing operations: Ohio, Alabama, or Indiana. In accordance with other automakers’ stated plants, the new facility will seek to have an annual output capacity of about 40 gigawatt hours. Accordingly, Honda Japan said that by 2030, it will make around 2 million electric vehicles annually and distribute 30 models internationally.

In the world of two-wheelers, we’ve begun seeing electric scooters from Honda, but not a full-sized electric motorcycle just yet. It’s almost a certainty that Honda and LG’s joint venture for the U.S. will focus primarily on electric cars, as it seems that Honda is prioritizing the Asian market when it comes to electric scooters and motorcycles. That being said, as more and more countries all over the world adopt electric motorcycles and bicycles, it’s just a matter of time until big players like Honda release their own electric motorcycles for the global market.

MOTOR'S NEWS RELATED

Join Road & Track and Car and Driver on Our Annual Car of the Year Tests

Check out today's coolest new cars alongside editors at Performance Car of the Year, Lightning Lap, and 10Best Awards.

View more: Join Road & Track and Car and Driver on Our Annual Car of the Year Tests

Satisfying Subaru SUVs That People Love Driving and Owning

Satisfying Subaru SUVs that people love driving include the 2022 Crosstrek The 2022 Forester is another Satisfying Subaru SUV that people love Don’t overlook the 2022 Outback for a stress-free driving experience Subaru makes a reliable and safe sport utility vehicle, but that’s not all. These Satisfying Subaru SUVs ...

View more: Satisfying Subaru SUVs That People Love Driving and Owning

Holiday Rambler Eclipse RV Debuts With Theater Seats, Drop-Down Loft

It’s available with three different floor plans.

View more: Holiday Rambler Eclipse RV Debuts With Theater Seats, Drop-Down Loft

Genesis prices 2023 G80 electric car at $81,000, expands EVs to more states

Genesis on Thursday expanded the breadth and availability of its electric car lineup on its path to becoming a fully electric automaker by 2030. The luxury brand’s newest car, the 2023 Electrified Genesis G80, will cost $80,920 (including a $1,095 destination fee) when it goes on sale in September. The ...

View more: Genesis prices 2023 G80 electric car at $81,000, expands EVs to more states

This C5 Corvette Turned Off-Roader Could be Yours For Small Bucks

Photo: Caleb Hodshire/Facebook Fans of the Chevrolet Corvette and off-road vehicles now have a golden opportunity to combine their two passions for a small amount of money. A tuning enthusiast in Illinois, who specializes in Corvette conversions, is selling on Marketplace a fifth-generation (C5) 1999 Corvette built to venture ...

View more: This C5 Corvette Turned Off-Roader Could be Yours For Small Bucks

Audi heads to F1, 2025 Cadillac Celestiq, 2023 Electrified Genesis G80: Today's Car News

Audi confirmed it will enter F1 for the 2026 season. The automaker will team with a thus far unknown chassis partner to provide power units that will be built in Germany and run on synthetic fuel. Alfa Rome announced it will split with Sauber, and all points sign to Audi ...

View more: Audi heads to F1, 2025 Cadillac Celestiq, 2023 Electrified Genesis G80: Today's Car News

Genesis expands GV60, an electric SUV, availability to four more US states

Where is the Genesis GV60 available to buy Electrek’s Take Now might be your chance if you’ve been waiting to buy the Genesis GV60 EV SUV. The Korean luxury automaker announced Tuesday that its flagship electric SUV, the GV60, will be available in four more US states starting in ...

View more: Genesis expands GV60, an electric SUV, availability to four more US states

Our Long-Term 2022 Cadillac CT5-V Blackwing Is off to an Unforgettable Start

With our 668-hp, six-speed-manual sports sedan, the highs are high, and the lows are low.

View more: Our Long-Term 2022 Cadillac CT5-V Blackwing Is off to an Unforgettable Start

Dodge goes electric in style | Autoblog Podcast #744

Tested: Best Car Vacuums for 2022

China: Power to the people or to the carmakers?

Tesla premium connectivity through Starlink V2 confirmed

2022 Ford F-150 Lightning strapped to dyno despite challenges

1983 DeLorean DMC-12 with 5,397 miles for sale

Numbers of Koenigsegg CC850s increase to 70 due to high demand

Tech Deep Dive: What Makes the New Porsche GT3 RS the Most Extreme 911 Ever

4 Terrible 2022 Subcompact SUVs That Consumer Reports Predicts Owners Will Hate

Xiaomi in talks with BAIC to produce electric cars, says Bloomberg

Audi Has Decided to Enter Formula 1 in 2026 After Much Speculation

North Dakota Swing Ahead For WoO: What To Watch For

OTHER MOTO NEWS