Honda breaks ground on its $4.4 billion Gigafactory within the US

Honda and its partner LG Energy Solutions have broken ground on their first three way partnership battery production location in the USA.

Honda is way from a frontrunner in the electrical vehicles market, but with a series of investments, they hope to vary that over the subsequent decade. That has began with investments into electric drivetrain production, and now, its first battery production facility, which it has began construction on today.

The $4.4 billion facility in Ohio is Honda’s first battery plant in North America, built along side LG. The upcoming plant will finish construction in 2024 and start mass production in 2025, alongside the discharge of Honda’s first electric vehicle, the Honda Prologue. The plant is about to employ 2,200 people once it reaches production readiness.

“We’re excited to embark on this partnership with Honda, a frontrunner in the worldwide auto industry with a popularity for quality and reliability,” said Robert H. Lee, CEO of the Honda/LG three way partnership. “If we harness these strengths, I even have little doubt our three way partnership will probably be essentially the most successful battery plant on the earth, and we stay up for being an element of this massive transformation toward sustainability.”

With a producing capability of 40GWh annually, Honda’s plant is undoubtedly one among the biggest within the U.S., and it would likely prove vital because the Japanese automaker strives for 100% EVs and fuel cell vehicles by 2040.

Honda has not specified the battery cell type they plan to make use of in its upcoming vehicles. Still, resulting from the corporate’s work with GM on the vehicle design, it is probably going much like GM’s NMC pouch design, also produced along side LG.

As for producing those EVs, Honda specified that it could be spending $700 million on retooling and retrofitting its plants in Ohio because it preps for the primary EVs to return off the production lines. Honda didn’t provide a timeline for the introduction of those manufacturing changes.

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Honda breaks ground on its $4.4 billion Gigafactory within the US

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