Honda and LG Energy Maintain Fayette County Battery Plant Plans Despite EV Production Halt

The partnership between Honda and LG Energy Solution for a $4 billion battery plant in Fayette County remains intact despite Honda's recent decision to halt development of three electric vehicles in Ohio, following significant financial losses. The L-H Battery Company, the joint venture, is assessing the impact and exploring future business opportunities. JobsOhio has awarded $237 million in grants for the project, which currently employs over 600 workers. Local officials express concern but maintain confidence in Honda's ability to adapt.

Published Mar 20, 2026

Honda and LG Energy Solution's $4 billion battery manufacturing facility in Fayette County continues despite Honda's decision to stop development of three electric vehicles in Ohio, causing concerns after over $15 billion in losses. The L-H Battery Company, a joint venture, is evaluating the effects of Honda's announcement and discussing future business opportunities.

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JobsOhio has awarded $237 million in grants for the facility, which currently employs over 600 workers. Fayette County has also invested in infrastructure to support the battery plant and an adjacent Amazon data center.