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Honda and LG Energy Solution have announced the construction of a joint venture electric vehicle battery plant in Fayette County, Ohio. The two companies have committed to invest $3.5 billion in the new facility, with an overall investment reaching $4.4 billion. The aim is to reach an annual production capacity of 40 GWh.

Honda as well as GS Yuasa will certainly talk about specifics with the goal of developing a joint venture company by the end of 2023. The two firms agreed to work toward the joint research and development of lithium-ion batteries as well as battery manufacturing methods.

In other information, GM and Honda are jointly establishing budget-friendly EVs, the Biden administration holds an EV industry meeting, and also Mercedes-Benz Energy accepts provide EV batteries to BatteryLoop for its scalable, circular energy storage space products.

Google has signed a deal for 250MW of solar energy from installations planned in Texas by Chicago-based developer Hecate Energy.

Honda has just inked two virtual power plant agreements that will cover more than 60% of its electricity usage in North America.

Japanese carmaker Honda has clinched the car industry’s supposedly “largest” renewable energy deal, signing a duo of virtual power purchase agreements (VPPAs) for 320MW of wind and solar to power its US operations.