HONDA MOTOR CO., LTD. A location for the new battery manufacturing plant hasn't been determined, but construction is expected to begin early next year with mass production underway by the end of 2025, the companies said in a news release.
The plant will supply batteries exclusively to Honda facilities in
The Japanese automaker produces the Accord sedan and midsize CR-V vehicles at its longstanding Maryville,
In April, the company announced a partnership with
"Honda is working toward our target to realize carbon neutrality for all products and corporate activities the company is involved in by 2050," President and CEO
"Aligned with our longstanding commitment to building products close to the customer, Honda is committed to the local procurement of EV batteries, which is a critical component of EVs," Mibe said.
The new plant also may help the companies take advantage of electric vehicle tax credits provided by the Inflation Reduction Act. New guidelines under the act require electric batteries to be manufactured in
In July, the
"Our joint venture with Honda, which has significant brand reputation, is yet another milestone in our mid- to long-term strategy of promoting electrification in the fast-growing North American market,"
Copyright 2022 United Press International, Inc. (UPI). Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent., source
