Honda Motor, LG Energy to build EV battery plant in Ohio: Report

Japanese automaker Honda Motor Co plans to set up a new lithium-ion battery plant for electric vehicles in the United States with Korean battery supplier LG Energy Solution Ltd, the Nikkei business daily reported on Monday.

Battery makers are looking to increase production in the U.S. where a shift toward electric vehicles (EV) could increase as the country implements stricter regulation and tightens tax credit eligibility.