 Honda Motor Co of Japan and Korean battery supplier LG Energy Solution Ltd have said they will set up a new lithium-ion battery plant for electric vehicles in the United States. The investment will be 4.4 billion, the two companies said in a statement, and they are aiming for annual production capacity of approximately 40 gigawatts hour GWh with the batteries supplied exclusively to Honda facilities in North America to power Honda and Acura EV models. 