Honda to create $700M EV hub in Ohio

Honda said on Tuesday it is spending $700 million to retool three of its Ohio plants to build electric vehicles as it aims to phase out gas engines by 2040.
Batteries for the electric vehicles from Honda and its Acura division will be supplied by a joint venture with LG Energy Solutions. The automaker confirmed that the $4.4 billion battery plant will be located near Honda’s operations in Fayette County, Ohio, pending regulatory approval.
The “new EV hub” will leverage Honda’s manufacturing and purchasing network in Central Ohio, emblematic of an industrywide scramble to bring battery producti

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