Administration of Joseph R. Biden, Jr., 2022

October 11, 2022

It's another win for America and another win for Ohio, with Honda and LG committing more than $5 billion toward electric vehicle battery manufacturing and factory retooling across the state. As I said at the groundbreaking of Intel's Ohio factory last month, it's time to bury the label "Rust Belt." Just as my CHIPS and Science Act is spurring record investments in communities across the country, my Inflation Reduction Act is driving a manufacturing boom for electric vehicles. This has been the backbone of my economic plan: America is leading the world again, rebuilding our supply chains, infrastructure, and manufacturing here at home.

Categories: Statements by the President : Honda Motor Co. and LG Energy Solution joint venture to build electric vehicle battery manufacturing facility in Fayette Country, OH.

Subjects: Business and industry : Domestic investment, promotion efforts; Business and industry

: Manufacturing industry :: Advanced manufacturing, promotion efforts; Commerce, international

: Global supply chain disruptions, efforts to address; Energy : Electric and hybrid vehicles, promotion efforts; Infrastructure, national improvement efforts; Ohio : Honda Motor Company and LG Energy Solution joint venture to build electric vehicle battery manufacturing facility in Fayette Country.

DCPD Number: DCPD202200899.

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