What does Honda’s $4.4 billion EV expansion in Ohio mean for Alabama?

October 13, 2022

Honda Motor Co. and LG Energy Solution announced Oct. 11 a joint-venture plan to invest up to $4.4 billion to build electric-vehicle batteries in Fayette County, Ohio, creating 2,200 jobs. The plant will produce pouch-type lithium batteries with 40 gigawatt-hours of annual production capacity. Construction is set to begin in early 2023 with production starting by the end of 2025.