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A joint venture between Korean battery maker, LG Energy Solution, and Japanese auto giant, Honda, held a groundbreaking ceremony for its electric vehicle (EV) battery-manufacturing plant in the U.S. state of Ohio, the battery company said Wednesday. The joint venture, tentatively named L-H Battery Company, is scheduled to be completed at the end of 2024 and begin mass-producing batteries, which will be supplied only to Honda's plants in North America, from the end of 2025. The factory, which was built with an overall investment of $4.4 billion, will have an annual production capacity of 40 gigawatt-hours, LG said.
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