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Intel to invest $20B to build two processor factories in Ohio

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Intel announced plans for an initial investment of more than $20 billion in the construction of two new leading-edge chip factories in Ohio. A rendering shows early plans for two new leading-edge Intel processor factories in Licking County, Ohio. Credit: Intel Corporation).

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LG Energy Solution and Honda break ground for new JV EV battery plant in Ohio

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Honda and LG Energy Solution held the official groundbreaking ceremony for a new joint venture EV battery plant more than 2 million square feet in size, to be located in Fayette County, near Jeffersonville, Ohio—about 40 miles southwest of Columbus. Earlier post.) The two companies have committed to invest $3.5

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Honda investing $700M in three Ohio plants to retool for EVs; with LG gigafactory, Ohio becomes Honda EV hub

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Honda will invest $700 million to re-tool several of its existing auto and powertrain plants in Ohio for production of electric vehicles. Honda plans to begin production and sales of Honda EVs in North America in 2026, based on its new Honda e:Architecture. Combined withe the $3.5-billion billion over the past five years alone.

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Honda announces next steps in preparation for EV production in US

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Honda announced key next steps in the establishment of its EV Hub in Ohio. In October 2022, Honda announced that it would invest $700 million to retool several of its existing auto and powertrain plants to establish the new EV Hub in Ohio, to prepare for the production of battery electric vehicles in 2026.

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Honda and LG Energy Solution to invest initial $3.5B in JV 40 GWh EV battery plant in Ohio

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Honda and LG Energy Solution announced that their new joint venture (JV) battery plant will be located in Fayette County, Ohio, about 40 miles southwest of Columbus, where the two companies will commit to investing $3.5 billion and creating 2,200 jobs, pending final government approvals. Earlier post.). In April 2022, Honda Motor Co.,

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Neste investing €1.9B to expand renewable products refinery in Rotterdam; 1.2 Mtpa of SAF

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Neste Corporation has made the final investment decision to invest into new renewable products production capacity in Rotterdam. The decision is based on demand for renewable products growing substantially with customers’ higher climate ambitions. billion will expand Neste’s overall renewable product capacity by 1.3

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Lordstown Motors closes assets sale to Foxconn; JV agreement for MIH-based EV development

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Lordstown Motors, an OEM of electric light-duty trucks focused on the commercial fleet market, has closed the sale of its Lordstown facility and signed a contract manufacturing agreement and joint venture agreement for product development with affiliates of Hon Hai Technology Group (Foxconn). and Irvine, Calif.

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