Honda and LG set to build $4.4 billion EV battery plant in U.S.

Honda Accord vehicles during production at the Honda of America Manufacturing plant in Marysville, Ohio | BLOOMBERG

Honda and South Korean battery maker LG Energy Solution will spend $4.4 billion to build a new battery plant in the United States as the Japanese carmaker seeks to phase out fossil-fuel vehicles completely by 2040. The facility will have an annual capacity of about 40 gigawatt-hours with mass production slated to start at the

Suzuki drives deeper into India with global R&D unit

India's Prime Minister Narendra Modi (left) speaks with Suzuki Motor's former chairman Osamu Suzuki during an event to commemorate 40 years of Suzuki in India, in Gandhinagar, India, on Sunday.  | REUTERS

GANDHINAGAR, India – Suzuki Motor will set up a global research and development company in India, its president said Sunday, pushing deeper into a market that is set to become an electric vehicle hub for the carmaker. The new company, a wholly owned unit of Suzuki in Japan, will strengthen the carmaker’s R&D competitiveness and

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