The new plant will be located approximately 40 miles southwest of Columbus in Fayette County, near Jeffersonville. LGES and Honda have committed to investing $3.5 billion and creating 2,200 jobs to establish the new production facility. The companies’ overall investment related to the JV is projected to reach $4.4 billion.
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Company name: |
L-H Battery Company, Inc. (tentative name) |
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Location: |
Jeffersonville, Ohio, U.S.A. |
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Capital: |
$ 210 million USD |
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(Percentage of ownership: 51% LGES, 49% Honda) |
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Corporate officers: |
Robert H. Lee, CEO (Currently Executive Vice President, North America |
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Rick Riggle, COO (Previously Plant Lead of Anna Engine Plant of |
- Comments by Robert H. Lee, CEO of L-H Battery Company, Inc.
“LG Energy Solution has all the right assets to make this joint venture a success, including the financial stability, quality, competitiveness, and production capacity with global operational expertise,” said Robert H. Lee. “With two companies’ expertise combined, we will provide top quality batteries to ensure the successful launch of Honda EVs in North America, and grow with the community here in Ohio by creating high value jobs.” - Comments by Rick Riggle, COO of L-H Battery Company, Inc.
“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. “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.”
