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Honda’s Strategic Battery Ownership and the Market Shift toward Flexibility
Honda buys $2.86B Ohio battery-plant assets from LG Energy Solution JV partner
What happened
LG Energy Solution will sell a factory building and related assets at its Ohio battery joint-venture site to Honda’s US unit for about $2.86B. The deal excludes land and equipment, and LGES said the goal is to improve joint-venture operational efficiency. LGES is exiting the JV, and production is expected to begin next year.
Why this matters for markets
OEMs taking more ownership of battery manufacturing footprints is a sign the supply chain is shifting: less “outsourced batteries,” more direct…
The skinny
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