Honda and South Korean battery maker LG Energy Solutions are investing $3.5 billion to build a joint venture battery factory in southern Ohio, the car company says
An exact location hasn’t been announced but the factory, which is expected to employ 2,200 people, will be in Fayette County, southwest of Columbus. Honda did not say how much of the $3.5 billion it would contribute. Honda already employs almost almost 11,000 people in its various manufacturing facilities in the state. Construction on the battery plant is expected to begin early next year and should be completed by the end of 2024.
Honda will also invest another $700 million to make changes to three existing factories in Ohio to prepare them to make electric vehicles and major components for EVs. Changes will be made to Honda’s Marysville Auto Plant, East Liberty Auto Plant and Anna Engine Plant. The addition of electric vehicle production at these plants, which will also continue making combustion-powered vehicles for some time, will add about 300 jobs, according to Honda.
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