Honda's New $4.4 Billion EV Battery Plant Will Be Built In Ohio

Honda Motor and LG Energy Solution on Tuesday said a new multibillion-dollar plant to produce batteries for electric vehicles will be located in Ohio. CNBC reports: Construction of the new facility -- located about 40 miles southwest of Columbus -- is expected to begin in early 2023, followed by mass production of lithium-ion batteries by the end of 2025. The battery plant is expected to cost $3.5 billion, with overall investment by the unnamed joint venture eventually reaching $4.4 billion, the