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Honda, LG Energy Plan $4.4 Billion EV Battery Factory in U.S.

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Honda Motor and LG Energy Solution plan to build a multibillion-dollar EV battery factory in Ohio, people familiar with the matter said, the latest tie-up between auto makers and battery suppliers seeking to expand capacity

President Biden’s Inflation Reduction Act calls for at least 50% of an electric vehicle’s battery to be made in the U.S. to qualify for a federal discount. WSJ’s George Downs breaks down a battery to explain why that’s going to be a challenge.

Illustration: George Downs
 

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KariLake What will you do for Arizona to generate these types of jobs or any type of job really?

Thanks Biden!

johnyard2 If we are to maintain an auto industry in the UK West Midlands we need a big new battery factory in Coventry - to supply Jaguar Land Rover and others. This really cannot wait!

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