L-H Battery Factory Building Disposal Worth 4.22 Trillion Won to Honda, Date Postponed to June
- Subsidiary L-H Battery Company, Inc decided to dispose of its Ohio factory building (excluding land and equipment) to Honda Development and Manufacturing of America, LLC for approx. 4.22 trillion won (book value $2.86 billion) to enhance JV operational efficiency.
- In a correction filing, the expected disposal date was postponed from April 30, 2026 to June 30, 2026.
- The disposal amount may change due to exchange rate fluctuations and due diligence; represents 7.0% of total assets (60.3 trillion won).
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KOSPI Filing Information
- Filing: [Correction of Description] Decision on Disposal of Tangible Assets (Major Management Matters of Subsidiaries)
- Company: LG ENERGY SOLUTION (373220)
- Submission: LG ENERGY SOLUTION, LTD.
- Receipt: 04-29-2026
- Under KRX KOSPI Market Division