# Who does Honda Motor pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/honda-motor · Facet: suppliers · Updated: 2026-07-11T17:21:07.408483+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Honda Motor's confirmed suppliers/cost counterparties include LG에너지솔루션 (배터리 JV) plus 1 undisclosed/aggregate relationship. Per the valuechain.wiki graph: 2 cost edges, backed by 5 dated sources, 1 of them primary filings (as of 2026-07-11).

### LG에너지솔루션 (배터리 JV) (high)  → /lg-energy-solution.md
- note: Honda set up an Ohio battery JV with LG Energy Solution (L-H Battery, Jeffersonville) for North American EV batteries. Completed 2024; a Honda subsidiary bought the buildings for US$2,530M and leases them back over 12 years. Amid weak EV demand, the line is being repurposed for ESS and HEV batteries.
- [confirms] Asia Today (KO, news, published 2026-07-03) https://www.asiatoday.co.kr/kn/view.php?key=20260703010001209: "The LG Energy Solution-Honda JV L-H Battery Company began ESS battery cell mass production at its Jeffersonville, Ohio plant, converting from its original EV design amid weak North American demand."
- [confirms] U.S. SEC (EDGAR) (EN, filing, published 2026-06-18) https://www.sec.gov/Archives/edgar/data/715153/000119312526274991/d116494d20f.htm: "To secure stable battery procurement in North America, Honda established an unconsolidated affiliate to manufacture lithium-ion batteries in the U.S.; plant completed in 2024. Building purchase price US$2,530 million; considering repurposing for ESS and HEV batteries."
- [confirms] THE ELEC (KO, news, published 2025-12-24) https://www.thelec.kr/news/articleView.html?idxno=50196: "LG Energy Solution sold the buildings of the Honda JV (L-H Battery) to Honda for about ₩4,221.2 billion, then leases them back."
- [confirms] Yahoo Finance (EN, news, published 2025-12-01) https://finance.yahoo.com/news/honda-buy-ohio-battery-plant-150500980.html: "Honda buys Ohio JV assets from LGES for ~$2.9B."
- [confirms] LG Energy Solution (EN, ir, published 2023-01-13) https://news.lgensol.com/company-news/press-releases/1315/: "L-H JV: $4.4B, ~40GWh, from 2026 for Honda/Acura EVs."

### 강재·부품·반도체 공급망 (mid)
- note: Cost of sales ¥18,193.4B (FY2026). Raw-material price swings (including steel) and U.S. tariffs pushed up automobile costs, a key driver of the operating loss alongside EV losses.
- [confirms] U.S. SEC (EDGAR) (EN, filing, published 2026-06-18) https://www.sec.gov/Archives/edgar/data/715153/000119312526274991/d116494d20f.htm: "Cost of sales increased to ¥18,193.4 billion, with raw-material price fluctuations and tariffs pressuring costs."

Reverse side: https://valuechain.wiki/honda-motor/customers.md · Ripple: https://valuechain.wiki/honda-motor/ripple.md

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Full node: https://valuechain.wiki/honda-motor.md · JSON: https://valuechain.wiki/honda-motor.json