LG Power Answer and Honda just lately held the official groundbreaking ceremony for his or her EV battery three way partnership manufacturing facility, which will likely be in-built Fayette County, close to Jeffersonville, Ohio.
The 2 companions introduced the intention to construct a 40-gigawatt-hour (GWh) battery plant in August 2022, whereas the placement was confirmed in October. In January, the three way partnership was formally established, with a plan to finish the development earlier than the top of 2024 and begin mass manufacturing of lithium-ion pouch cells by the top of 2025.
Evidently the $3.5 billion funding (the general spending will likely be $4.4 billion) is progressing step-by-step, with none disruption.
Within the newest press launch, the 2 companions confirmed renderings of how the manufacturing facility may look:
With 40 GWh/yr, Honda (and Acura) ought to be capable of produce as much as 400,000 electrical automobiles – assuming 100 kilowatt-hours per battery pack. That is a reasonably substantial quantity.
The Japanese producer repeated that the batteries from Ohio will likely be completely utilized in its electrical automobiles in North America. To organize for all-electric automotive manufacturing, Honda will make investments additionally $700 million in its factories in Ohio.
“Honda also has announced plans to invest $700 million to re-tool several of its existing auto and powertrain plants in Ohio for production* of electric vehicles that will utilize the batteries made at the new JV facility. Honda plans to begin production and sales of Honda EVs in North America in 2026, based on its new Honda e:Architecture.”
As we perceive, the three way partnership will present batteries for the Honda/Acura next-generation EVs based mostly on the corporate’s personal answer/platform known as “e:Architecture,” which can arrive in 2026.
In the meantime, Honda/Acura is predicted to launch two BEVs based mostly on the Normal Motors’ Ultium platform (presently additionally powered by LG Power Answer’s batteries). Let’s recall that the primary Honda Prologue electrical mannequin (and Acura electrical mannequin) will likely be launched in 2024, with an preliminary annual gross sales goal is 70,000 items.
Honda and LG Power Answer EV battery JV:
- kind: three way partnership
- title: L-H Battery Firm, Inc. (tentative title)
- funding: $3.5 billion plant
“The companies’ overall investment related to the JV is projected to reach $4.4 billion” - location: Fayette County, close to Jeffersonville, Ohio
- battery kind: lithium-ion pouch-type batteries
- quantity: as much as 40 GWh yearly
- use: Honda and Acura fashions for the North American market
- building begin (plan): early 2023 and completion by the top of 2024
- mass manufacturing begin (plan): by the top of 2025
- facility: over 2 million sq. ft. in measurement
- jobs: about 2,200
