Honda (HMC) will acquire LG Energy Solution’s facilities and other assets from their joint battery plant in Ohio for approximately $2.9B, Bloomberg’s Hyonhee Shin reports. The sale, to a Honda unit in the U.S., is scheduled to be finalized by the end of February.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HMC:
- EU new car registrations up 1.4% in November year-to-date
- Midday Fly By: Nike reports Q2 beat, TikTok to sell U.S. unit
- Honda halting output in Japan, China amid chip shortage, Bloomberg reports
- Tesla Stock Torpedoes the “Safety First” Narrative, as Owners Use Glass Breakers to Escape TSLA Cars
- Cox Automotive sees December SAAR sales at 15.9M vehicles