LG Energy Solution, Limited (373220.KS), a South Korean battery maker, said on Wednesday that it has decided to sell assets of L-H Battery Company Inc., in Ohio to Honda Development and Manufacturing of America, LLC of Honda Motor Co. Limited (HMC,7267.T).
Excluding land and equipment, the proposed $2.856 billion deal aims to boost operational efficiency of the joint venture, L-H Battery Company, owned by LG Energy Solution and Honda.
The transaction is anticipated to be closed on February 28, 2026.
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December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.