News Snapshot:
The potential battery JV may cost 4 trillion won ($3.4 billion) and have an annual capacity of up to 40 GWh of batteries South Korean battery maker LG Energy Solution (LGES) plans to build a battery joint venture (JV) with Japan’s Honda Motor in the US, South Korea’s Maeil Business Newspaper said on Friday, citing an unnamed industry source. The potential battery JV between LGES and Honda could cost as much as 4 trillion won ($3.4 billion) and have an annual production capacity of up to 40 gigawatt hours (GWh) of batteries. That is enough to power 600,000 electric vehicles...
