Honda starts making batteries for data centres at a factory built for EVs it cancelled

TL;DR

Honda has begun making energy storage batteries at its Ohio plant, pivoting from the cancelled EV programme that triggered a $16 billion write-down.

Honda has begun producing batteries for energy storage systems at its Ohio factory, according to a report from Nikkei Asia. The plant was originally built to supply cells for electric vehicles the company cancelled three months ago. Those batteries are now headed to data centres instead of driveways.

The shift follows Honda’s decision in March to scrap three EVs destined for the American market, a retreat that triggered up to sixteen billion dollars in write-downs and the company’s first annual loss as a listed company. Honda operates the Ohio factory under a joint venture with LG Energy Solution, though Honda bought out LG’s stake in the plant building for nearly three billion dollars late last year.

The pivot comes as demand for EVs in the...

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