Honda and LG Energy to build $4.4 billion electric vehicle battery plant in U.S.

Honda and LG Energy to build $4.4 billion electric vehicle battery plant in U.S.

TOKYO/WASHINGTON (Reuters) – Japan’s Honda Motor (7267.T) and South Korean battery supplier LG Energy Solution Ltd (373220.KS) will build a new $4.4 billion lithium-ion battery plant for electric vehicles in the U.S. The company said Monday. Battery makers are looking to increase U.S. production, and the shift to electric vehicles (EVs) is likely to increase …

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