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Core Insights - Honda has announced the acquisition of LG Energy Solution's battery plant assets in Ohio for $2.9 billion, aiming to enhance its electric vehicle supply chain in North America [2][3] - The acquisition is part of Honda's strategy to strengthen its battery supply capabilities and support its electric vehicle production in the North American market [2][3] Group 1 - The transaction is expected to be completed by the end of February 2026, and it does not include the land or production equipment of the plant [2] - The joint venture between Honda and LG Energy was established in 2022 with a planned investment of $4.4 billion to build a battery production facility in Ohio [2] - The acquisition will allow Honda to focus on battery business development, catering to both electric and hybrid vehicle needs in North America [2] Group 2 - This acquisition will help Honda integrate local battery production resources, reducing supply chain costs and risks while enhancing competitiveness in the electric vehicle sector [3] - The joint venture plant is expected to start production next year, providing localized battery support for Honda's electric vehicle lineup in North America [3]