LG Energy Solution Sells $2.85B Ohio Battery Plant Assets to Honda

The Daily Dig:

Announced on the 24^th of December 2025, LG Energy Solution has agreed to sell its share of factory assets at the Ohio electric vehicle battery plant it jointly owns with Honda for approximately $2.85 billion. The buyer is Honda Development and Manufacturing of America, while the joint venture entity, L-H Battery Company, will continue to operate the facility.

The plant, located in Fayette County, Ohio, is still expected to begin producing EV battery cells in 2026, with no changes announced to production plans or customer commitments. LG Energy Solution has framed the transaction as a balance sheet move, allowing it to recover capital while maintaining its strategic partnership with Honda. The deal is expected to close in early 2026, subject to customary approvals.

Snapshot:

• Company / Owner / Agency: LG Energy Solution; Honda Development and Manufacturing of America

• Action: Sale of factory assets at Ohio EV battery joint venture facility

• Value: $2.85 billion

• Location / Market: Fayette County, Ohio

• Timeline: Transaction expected to close in early 2026; production still planned for 2026

• Key Players: LG Energy Solution; Honda; L-H Battery Company (JV)

• Scope: Sale of LG Energy Solution’s share of factory assets at the Ohio EV battery plant; joint venture continues operations

TheJobWalk Thoughts:

This is a financial reshuffle, not a construction reset. The joint venture stays intact, the production timeline holds, and the plant keeps moving toward launch. For contractors, suppliers, and industrial service firms, the takeaway is simple: ownership of assets may shift on paper, but the work stream and operational demand remain in place. The concrete is still curing, the equipment still needs support, and the schedule still matters.