Japanese automotive and technology giant Honda continues its investments in electric cars at full speed. This time, the company has partnered with LG Chem for a new electric car battery factory.
Two months ago, Honda invested half a billion dollars in an electric car manufacturing plant in China. Judging by the new news, the Japanese technology and automotive giant continues to invest in electric cars without slowing down.
Honda formed a partnership with LG Chem, the brand of the chemical company LG, also known as LG Chemical, and establish an electric car battery factory wants. If the budget is determined for this job, it is an amount that many of us cannot even dream of.
Honda and LG Chem invest $4.4 billion
Although Honda realized the importance of electric cars for our future a little later than other companies, it has been making a name for itself with the investments it has made in this field recently. Honda often offers creative to its customers. scientific methods decided to establish an electric vehicle battery factory in cooperation with LG Chem, which provides established services.
The budget to be spent on this specific factory is astonishing: Full $4.4 billion. With the current TL exchange rate, approx. 80,023,240,000 TL (Eighty billion 23 million 240 thousand) is doing. The construction of the factory to be established will begin in 2023 and will be completed by the end of 2025 to produce lithium-ion batteries. Honda by the end of 2030 30 different types of hybrid, electric and fuel powered batteries aims to produce.
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According to the news, this factory will be established in the Ohio region of the USA and It will have an annual production capacity of approximately 40GWh.. What are you thinking? Please do not forget to share your thoughts with us in the comments.
Source :
https://www.theverge.com/2022/8/29/23326844/honda-lg-chem-ev-battery-factory-ohio