Honda Ev
LG, Honda to set up $4.4-bn joint venture in US to make EV batteries
Major South Korean battery maker LG and Japanese automaker Honda are investing USD 4.4 billion in a joint venture in the United States to produce batteries for Honda electric vehicles in the North American market, the two companies said on Monday. The plant's site is still undecided, but construction will begin in early 2023, with mass production of advanced lithium-ion battery cells to start by the end of 2025, they said. The joint venture is to be set up this year, with the closing of the deal subject to regulatory approval. Our joint venture with Honda, which has significant brand reputation, is yet another milestone in our mid- to long-term strategy of promoting electrification in the fast-growing North American market, said LG Energy Solution Chief Executive Youngsoo Kwon. The plant will produce batteries exclusively for Honda vehicles assembled in North America, including the company's Acura luxury brand, according to a joint statement. LG, a leading manufacturer of lithium-
 "LG, Honda to set up $4.4-bn joint venture in US to make EV batteries")
Honda seeks roadmap on electric vehicles before India launch
Japanese auto major Honda Motor Co has started working on electric vehicles keeping in mind India's push for such automobiles but said a clear road map is required for successful commercial launch. The company, which operates in India through a wholly- owned arm Honda Cars India Ltd (HCIL), has already put in place a separate team in its research and division unit for electric vehicles since last year, a senior company official said. "We are aware of India government's push for all electric vehicles (EVs) by 2030. Globally also there is a push for EVs. So we (Honda) have started working on development of such vehicles," HCIL President and CEO Yoichiro Ueno told PTI here. Honda has already stated that two-thirds of its global sales would come from electrified vehicles by 2030. "Already Honda has set up a separate unit for electric vehicles in its R&D which will focus on development of both body and power train for electric vehicles," Ueno said. When asked how soon can
