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It is rumored that LG Energy and Honda will jointly build a battery plant in the United States, with an annual production capacity of 40GWh

Feb 02 80
On January 14, DIGITMES reported that LG Energy Solution, a local battery manufacturer in South Korea, plans to establish a strategic alliance with Honda Motor of Japan to build a battery plant for electric vehicles in the United States, with a maximum investment of 4 trillion won (about 4 trillion won). 3.36 billion US dollars), the annual production capacity can reach 40GWh.

Since the beginning of this year, LG Energy has made frequent moves in the battery business.

A few days ago, the British "Financial Times" reported that LG Energy Solution, the world's second largest electric vehicle battery manufacturer, is preparing for one of the largest IPOs in South Korea's history, and plans to raise $11 billion in order to compete with CATL and others. Chinese rivals vie for market dominance.

LG Energy, currently a battery supplier to Tesla, Ford and Volkswagen, plans to use its initial public offering (IPO) funds to challenge CATL, which It is the world's largest global battery group with a market value of over $196 billion.

LG Energy has been actively deploying the battery business one after another. On the one hand, it can foresee the huge demand for the electric vehicle market in the next few years. On the other hand, the competition environment between industries will also intensify with the growth of demand; in the face of such strong competition as the CATL era In addition to competing with them in terms of technology and production capacity, opponents are also inseparable from the confrontation of capital strength.