Honda Buyout of LG Battery Plant Assets in Ohio
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Source: Bloomberg
Honda Motor Co. will buy out LG Energy Solution Ltd.'s facilities and other assets from their joint battery plant in Ohio for about $2.9 billion. The sale is to a Honda unit in the US and is scheduled to be finalized by the end of February 2026. This move is part of the ongoing changes in the electric vehicle industry supply chain in the US.
- Status
- Prospective
- Sector
- Warehouse, Energy Storage, Electric Vehicles (EVs), Automotive, Manufacturing (Industrial)
- Location
- Ohio, United States of America
- Updated
- 22 Jul 2026
- Source
- Bloomberg
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Project Information
Participants
| Not available for this record. |
Status
Original status | planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Honda Motor Co. will buy out LG Energy Solution Ltd.'s facilities and other assets from their joint battery plant in Ohio for about $2.9 billion. The sale is to a Honda unit in the US and is scheduled to be finalized by the end of February 2026. This move is part of the ongoing changes in the electric vehicle industry supply chain in the US. |
Original sector | Energy |
Budget |
Location
Country | United States of America (USA) |
State | Ohio |
Source
Source | Bloomberg |
URL |
More Details
Record type | Project |
Sector | Warehouse, Energy Storage, Electric Vehicles (EVs), Automotive, Manufacturing (Industrial) |
Article published date | 2025-12-27 |
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