LG Energy Solution to sell Ohio battery plant building to Honda for $2.85bn [Yahoo! Finance]
Honda Motor Company, Ltd. (HMC)
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Source: Yahoo! Finance
In a transaction valued at Won4.22tn ($2.85bn) according to a regulatory filing, the deal covers the building and related infrastructure owned by subsidiary L-H Battery Company. The deal excludes the land and production equipment. LG Energy Solution said the move is aimed at improving operational efficiency within the joint venture. Based on an exchange rate of Won1,478.90 to the US dollar at the contract date, the disposal equates to a converted value of $2.85bn. The company noted that the final consideration could be revised following due diligence and any subsequent exchange-rate adjustments. Completion of the deal is targeted for 28 February 2026. The assets being sold account for roughly 7% of LG Energy Solution's consolidated total assets, which stood at Won60.31tn at the end of 2024. The Ohio facility forms part of a $4.4bn battery manufacturing joint venture announced in 2022 between Honda Motor and LG Energy Solution. As reported by The Korea Herald , under t
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HMC
Sec Filings
- 12/16/25 - Form 6-K
- 11/17/25 - Form 6-K
- 11/7/25 - Form 6-K
- HMC's page on the SEC website