Skip to main content

LG and Honda Join venture Li battery USA

South Korean battery maker LG and Japanese automaker Honda are joining hands for a $4.4 billion joint venture in USA to produce Lithium-ion battery Honda electric vehicles as announced by the two companied.
image: wikimedia commons

Location of the plant is not yet decided.Construction will begin in 2023 and mass production in 2025.
“Our joint venture with Honda, which has significant brand reputation, is yet another milestone in our mid- to long-term strategy of promoting electrification in the fast-growing North American market,” as per LG Energy Solution Chief Executive Youngsoo Kwon.
“Honda is working toward our target to realize carbon neutrality for all products and corporate activities the company is involved in by 2050,” announced Honda Chief Executive Toshihiro Mibe.
Honda is working seriously towards electric vehicle development with partners like GM.




Labels:

Comments

Post a Comment

Popular posts from this blog

Alex Jones Podcast cost him millions of dollars in defamation

Alex Jones made a lot of money through his conspiracy podcasts. He is the protagonist of conspiracy theories about 1969 moon landing, September 11 attacks and many more through his websites like infowars. Image: wikimedia commons But he suffered many setbacks and defamation law suits after his Sandy Hooks Elementary School Shooting  podcast which called the whole episode a hoax. Victims of Sandy Hooks elementary shooting 2012 who lost their loved ones filled defamation suits against him and there is a wooping $45 million which he has to pay as per damages. There are two other cases pending where damages are to be decided.  Now the victims have filed motion in federal bankruptcy court alleging laundering and illegal transfer of funds between entities controlled by Alex Jones to save him from paying.Free Speech Systems (FSS), the parent company of info wars transferred money to PQPR Holdings Limited, which is “owned and operated” by Jones as per the filings....
Post a Comment
Read more

Alexandria Ocasio-Cortez "scarcity mindset" remark

Alexandria Ocasio-Cortez aka AOC through an instagram post explained her now famous "scarcity mindset" quote to appreciate Joe Biden's Student Debt Cancellation Scheme. Image : wikimedia commons "Maybe student loan forgiveness doesn't impact you. That doesn't make it bad. I am sure there are certainly other things that student loan borrowers' taxes pay for that you benefit from. We can do good things and reject the scarcity mindset that says doing something good for someone else comes at the cost of something for ourselves," Ocasio-Cortez explained to all those who are critics of Joe Biden's Student Debt Cancellation Scheme especially the Republican party members.She further said "people with apartments pay for first time homeowner benefits. Young people contribute to Medicare for our seniors. People who take public transit pay for car infrastructure." Alexandria Ocasio-Cortez popularly known by her name initials AOC is very...
Post a Comment
Read more

President Biden Announces Student Loan Relief for Borrowers: check details here

President Joe Biden on Wednesday announced up to $10,000 in federal student loan debt ( undergraduate debt) cancellation and it can go up to $20,000 for Pell Grant recipients .  The government announced that the loan cancellation will be applicable to those earning less than $125,000  ($250,000 for married couples) . Plus, people who borrowed the loan through federal student loan programs are likely to be eligible for it, but probably not those who have private loans issued by banks or schools. As per federal data, about 43 million Americans have federal student debt, and a third of those owe less than $10,000. Half owe less than $20,000. The pause on federal student loan repayment will be extended one final time through December 31, 2022. Borrowers should expect to resume payment in January 2023. The Department of Education will work quickly and efficiently to set up a simple application process for borrowers to claim relief. The application will be available no lat...
Post a Comment
Read more