Honda Motor(US:HMC) 智通财经网·2025-12-24 11:17Core Viewpoint - LG Energy Solution is selling its joint battery plant assets in Ohio to Honda for approximately 4.2 trillion Korean won (29 billion USD) due to declining electric vehicle demand in the U.S. [1] Group 1: Transaction Details - The transaction involves the sale of facilities and other assets at the joint battery plant in Ohio to Honda's U.S. subsidiary [1] - The deal is expected to be finalized by the end of February next year [1] Group 2: Industry Context - The electric vehicle transition outside of China is facing obstacles, negatively impacting the growth prospects of Korean battery manufacturers [1] - Ford has previously reduced its electric vehicle business plans, terminating a battery cooperation agreement worth 9.6 trillion Korean won with LG Energy Solution [1] Group 3: Historical Background - In 2022, Honda and LG Energy Solution announced a total investment plan of 4.4 billion USD to build an electric vehicle battery factory in Ohio, with production originally set to start by the end of 2025 [1] Group 4: Operational Adjustments - In response to ongoing challenges, LG Energy Solution is accelerating its energy storage business layout and is constructing new production lines in Arizona and Michigan to mitigate the impact of declining business [1]