New $4.4B US battery plant to provide future Honda, Acura EVs

Honda is the most recent of the established automakers to announce plans to assemble a battery plant within the U.S. to energy future electrical automobiles, becoming a member of the likes of Ford, Common Motors, Hyundai Motor Group, Mercedes-Benz, Stellantis, and fellow Japanese automaker Toyota.

Honda on Monday mentioned it is going to companion with LG Power Answer to determine a three way partnership to supervise manufacturing of batteries at a brand new U.S. plant whose location is but to be confirmed.

The 2 corporations will make investments a complete $4.4 billion within the plant which may have an annual capability of 40 gwh. Development of the plant will begin in early 2023 and the primary batteries ought to be in manufacturing by the tip of 2025.

The plant will produce pouch-type cells for lithium-ion batteries to be provided completely to Honda’s North American car vegetation. Honda mentioned the batteries will find yourself in each Honda and Acura EVs.

Nevertheless, the upcoming Honda Prologue and Acura ZDX electrical SUVs will use Common Motors’ Ultium battery know-how. These fashions, that are due for 2024, are being developed by GM on its Ultium EV platform and battery set.

LG Power Answer can also be working with GM to determine three battery vegetation within the U.S. These vegetation will likely be used to provide Ultium batteries for a number of GM fashions.

Honda in April introduced a wide-ranging technique that can see the automaker make investments greater than $60 billion in R&D over the subsequent 10 years, with the majority of the funds to be spent on growth of EVs, in addition to software program. The technique will see Honda launch 30 EVs globally by 2030 for its Honda and Acura manufacturers, together with two sporty fashions, certainly one of which is believed to be a redesigned NSX supercar.