LG Energy Solution to sell W4.2tr Ohio battery JV building to Honda

LG Energy Solution said Wednesday it will sell the building of its Ohio electric vehicle battery joint venture plant to its partner Honda for 4.2 trillion won ($2.9 billion), seeking to reduce capital burdens amid a global slowdown in EV demand. According to LG Energy Solution’s regulatory filings, the battery maker will dispose of the building and all building-related facilities of the joint venture L-H Battery Company — excluding the land and equipment — to Honda’s US unit. The final selling p