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Honda buying LG Energy Solution’s stake in Ohio EV battery plant for $2.85B

LG Energy Solution sells its stake to Honda to improve joint venture efficiency amid shifting EV demand and strategic focus on energy storage batteries.

Summary by Manufacturing Dive
The transaction includes the building and infrastructure assets related to the battery joint venture, but excludes the land and equipment.

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Honda buying LG Energy Solution’s stake in Ohio EV battery plant building for $2.85B

LG Energy Solution said the deal is intended to “increase the operational efficiency” of its joint venture with Honda. However, press reports and company statements suggest a potential shift to energy storage systems.

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Honda buying LG Energy Solution’s stake in Ohio EV battery plant for $2.85B

The transaction includes the building and infrastructure assets related to the battery joint venture, but excludes the land and equipment.

Read Full Article
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  • 67% of the sources are Center
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Manufacturing Dive broke the news in on Tuesday, January 6, 2026.
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