ICYMI: With an investment of $4.4 billion, Honda Motor and LG Energy Solution said they are starting a joint venture to set up new plant that will produce lithium-ion batteries for electric vehicles in the United States
Battery makers are looking to increase production in the U.S. where a shift toward electric vehicles could increase as the country implements stricter regulation and tightens tax credit eligibility.
The pair are expected to establish a joint venture before building the plant, with the start of construction planned for early 2023 and mass-production by the end of 2025. The U.S. government has been pushing policies designed to bring more battery and EV manufacturing into the country.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Honda and LG Chem will build a $4.4 billion EV battery factory in the USEVs need to be built in the US to qualify for the tax credits.
Read more »
Why Japan is urging young adults to drink more alcoholThe National Tax Agency in Japan is urging the public to drink more alcohol in a new contest aimed at young adults.
Read more »
All the fantastic cosplay we saw at San Antonio anime convention San Japan 2022San Antonio anime and gaming convention San Japan celebrated its 13th year this weekend, and the cosplayers were out in full force. Some embraced the horror theme adopted by the con for its spooky anniversary, but plenty of others took their costumes in clever, cute and irreverent directions.
Read more »
1989 Hyundai Sonata So Cheap, You'll Eat Your Heart OutBought a 1988 Toyota Camry or Honda Accord? Feel the regret now, sucker!
Read more »