The Japanese and South Korean companies plan to begin construction of the battery plant early next year and mass production by the end of 2025, they said in a press release.
All the lithium-ion batteries produced at the plant will be used to power EVs sold under Honda and Acura brands in
The move comes as Honda accelerates its EV push amid increasingly strict regulations on gasoline-powered vehicles worldwide.
As the shift away from fossil fuels to reduce carbon emissions becomes a global trend, Honda has vowed to stop selling new gasoline-powered vehicles by 2040. The automaker in March also agreed with
The new plant is expected to offer stable supply of batteries to Honda in the North American market, where demand for EVs is set to rise sharply.
The state of
"Aligned with our longstanding commitment to build products close to the customer, Honda is committed to the local procurement of EV batteries which is a critical component of EVs," Honda President Toshihiro Mibe said in the press release.
==Kyodo
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