L-H Battery Company

What L-H Battery Company does

L-H Battery Company, Inc. is a privately held joint venture between LG Energy Solution and Honda Motor Co., Ltd., formally established on January 13, 2023, and operating from a 2+ million square foot manufacturing facility in Jeffersonville, Fayette County, Ohio. Its sole product is lithium-ion battery cells and packs produced exclusively for Honda and Acura electric vehicle models destined for the North American market. The venture was capitalized with a $3.5 billion committed investment from the two parents and is targeting the creation of 2,200 jobs in Fayette County, with the workforce already exceeding 500 full-time associates in engineering, leadership, and support roles as of February 2026.

The business model is OEM-embedded: L-H Battery Company functions as a captive cell and pack manufacturer, producing lithium-ion batteries and supplying them directly into Honda's North American EV manufacturing operations under the joint venture agreement. There is no disclosed external sales channel, no public product pricing, and no commercial diversification beyond the Honda/Acura platform. The relationship between the JV and its parent customers is structural, with both LG Energy Solution (cell technology, manufacturing know-how, capital) and Honda (vehicle integration, demand commitment, capital) co-owning and co-funding the entity.

The strategic logic is anchored in supply chain localization and regulatory content positioning: by producing batteries domestically in Ohio, the JV reduces Honda's dependence on imported cells, mitigates geopolitical and logistics risk, and supports qualification for North American EV content requirements. As of February 2026, the plant is described as nearly complete, but the company has not yet disclosed a commercial production start date, ramp schedule, or unit volume targets, leaving the timing of revenue conversion as the principal open question for investors.

Name

L-H Battery Company

Legal name

L-H Battery Company, Inc.

Website

https://lgeshonda.com

Company type

Private

Founded year

2023

Operating status

Operating

Short description

L-H Battery Company is a 50/50 joint venture between LG Energy Solution and Honda Motor Co., Ltd. that manufactures lithium-ion EV batteries exclusively for Honda and Acura electric vehicles in the North American market from its 2+ million square foot facility in Jeffersonville, Ohio.

Ownership category

akta.pro rank

Product category

Electric Vehicle Battery Manufacturing

NAICS

Battery Manufacturing (33591), Battery Manufacturing (335910)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Battery Pack & Module Manufacturing (EV) (IMACACAA)

akta.pro secondary industries

Battery Cell Manufacturing (EV) (IMACACAB), Battery Management System (BMS) & HV Control Electronics Manufacturing (IMACACAH)

Keywords

• Lithium-ion battery manufacturing
• EV battery production
• Automotive battery supply
• Electric vehicle batteries
• Battery cell manufacturing

Headquarters

HQ city

Jeffersonville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D

Revenue model

1. EV Battery Manufacturing and Supply: L-H Battery Company manufactures lithium-ion batteries for Honda and Acura electric vehicles. As a joint venture, the company produces batteries that are supplied to Honda Motor Co. for integration into their North American EV lineup, generating revenue through battery sales to the parent companies.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

L-H Battery Company is a joint venture between LG Energy Solution and Honda Motor Co., Ltd. that manufactures lithium-ion batteries exclusively for Honda and Acura electric vehicle models sold in the North American market. The company operates a 2+ million square foot production facility in Jeffersonville, Ohio, with $3.5 billion in committed investment, and supplies batteries directly to Honda's EV manufacturing operations under an OEM embedded arrangement.

Product overview

L-H Battery Company operates as a single-focus EV battery manufacturing joint venture between LG Energy Solution and Honda Motor Co., Ltd. The company produces lithium-ion batteries exclusively for Honda and Acura electric vehicle models sold in the North American market. As a manufacturing operation, the company's product portfolio centers on a single core offering: EV battery production at their Jeffersonville, Ohio facility.

Differentiator

Problem solved

Functional benefit

Products and services

• Lithium-Ion EV Batteries Lithium-ion battery cells and packs produced exclusively for Honda Motor Co., Ltd. and Acura electric vehicle models targeting the North American market. Batteries are manufactured at the Jeffersonville, Ohio facility and supplied directly to Honda's vehicle manufacturing operations under the joint venture agreement.

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• LG Energy SolutioncoreStrategic or Co-development Partner · 1 August 2022LG Energy Solution is a global leader in lithium-ion battery technology and manufacturing. Partnered with Honda in August 2022 to establish the L-H Battery Company joint venture. LG Energy Solution brings battery cell technology expertise, manufacturing capabilities, and significant capital investment to the partnership. The joint venture was formally established on January 13, 2023.
• Honda Motor Co., Ltd.coreStrategic or Co-development Partner · 1 August 2022Honda Motor Co., Ltd. is a global automotive manufacturer and the primary customer for batteries produced by L-H Battery Company. Honda committed to the joint venture in August 2022, with the venture formally established on January 13, 2023. Batteries produced will power Honda and Acura EV models for the North American market. Honda announced Ohio as the battery plant location on October 11, 2022.

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• CATL: Global EV battery market leader. While it has limited U.S. footprint today, it sets the cost and technology benchmark for cells and packs that L-H Battery competes against globally.
• Envision AESC: Operates a U.S. gigafactory in Kentucky supplying Nissan and other OEMs. Comparable scale and OEM-embedded supply model aimed at U.S. EV battery localization.
• Panasonic Energy: Long-standing EV battery supplier for Tesla and a new Kansas gigafactory. Operates broadly across automotive battery markets, including in the U.S., making it a scaled incumbent competing for the same OEM contracts.
• LG Energy Solution: One of L-H Battery's two parent companies and a global top-tier lithium-ion battery manufacturer. Directly comparable technology, chemistry, and OEM customer base, with multiple U.S. JVs beyond L-H.
• SK On: Parent partner of BlueOval SK and a major global EV battery manufacturer. Targets the same North American OEM customers with its own standalone and JV-supplied capacity.

Emerging players

• Gotion High-Tech: Chinese battery maker expanding into the U.S. market with a planned facility in Illinois and LFP technology focus. Emerging competitor for localized U.S. battery supply contracts.

Direct peers

• Ultium Cells: Joint venture between GM and LG Energy Solution (L-H Battery's co-parent) producing lithium-ion battery cells and packs for GM's North American EVs. Closest analog as another OEM-embedded LGES-led JV with multiple U.S. gigafactories.
• Honda Lithium-Ion Battery Plant (other Honda JV): Refers to L-H Battery itself's sister operations in Honda's broader battery JV strategy; same operating model of OEM-embedded battery production to localize Honda's EV supply chain.
• BlueOval SK: Joint venture between Ford and SK On building dedicated U.S. battery plants to supply Ford EVs. Directly comparable OEM-embedded structure, similar gigafactory scale, and matching IRA-driven U.S. localization thesis.
• Samsung SDI (U.S. operations): Major Korean battery manufacturer building a U.S. gigafactory in Indiana with Stellantis as a key customer. Directly competes for OEM EV battery supply contracts in North America.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about L-H Battery Company