Honda deepens its commitment to Ohio with a new, $3.5 billion investment that's set to bring a new factory and 2,200 new jobs to the state.
Honda deepens its commitment to Ohio with a new, $3.5 billion investment that’s set to bring a new factory and 2,200 new jobs to the state.
, and will be located approximately 40 miles southwest of Columbus in Fayette County, Ohio, near the town of Jeffersonville. LGES and Honda have committed to investing $3.5 billion to build out the new facility, and plan to create as many as 2,200 new manufacturing jobs set to start at the opening of the new production facility. The companies’ overall investment related to the JV is projected to reach $4.4 billion in the following planned stages.
“The formal establishment of this joint venture between LG Energy Solution and Honda to produce EV batteries in Ohio is another major step toward our electrified future,” said Rick Riggle, COO of the newly formed “L-H Battery Company”. “We are excited to move forward with such a strong partner in LG Energy Solution and, together, we look forward to establishing a strong relationship with the community in Fayette County, Ohio.
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