news
The Honda Motor logo is pictured at the 43rd Bangkok International Motor Show, in Bangkok, Thailand, March 22, 2022. REUTERS/Athit Perawongmetha

Japanese Big Four law firm Nishimura & Asahi has advised Honda Motor on its $4.4 billion lithium-ion battery factory joint venture in the U.S. with South Korea’s LG Energy Solution.

Battery makers are looking to increase production in the U.S. where a shift toward electric vehicles (EV) could increase as the country implements stricter regulations and tightens tax credit eligibility, Reuters reported.

The two companies aim for annual production capacity of approximately 40 gigawatt hour with the batteries supplied exclusively to Honda facilities in North America to power Honda’s Acura EV models, Reuters added.

The Nishimura team was led by partners Ryutaro Nakayama, Yuki Oi, Satoshi Niki, and Kazumaro Kobayashi.

 

TO CONTACT EDITORIAL TEAM, PLEASE EMAIL ALBEDITOR@THOMSONREUTERS.COM

Related Articles

Kirkland, N&A, NO&T, MHM advise on $835 mln Carlyle offer for KFC Japan

by Mari Iwata |

Kirkland & Ellis and Nishimura & Asahi are advising Crispy Holdings, a fund wholly owned by Carlyle Group, on a 135-billion-yen ($863 million) tender offer for shares of Tokyo-listed KFC Holdings Japan.

Nishimura continues SEA growth with energy partner

by Nimitt Dixit |

Japanese Big Six law firm Nishimura & Asahi has continued the planned expansion of its Southeast Asia offerings with the addition of energy-focused finance and M&A partner Sean Conaty.

Nishimura, MHM advise on Dai-ichi Life’s $2 bln acquisition of Benefit One

by Mari Iwata |

Nishimura & Asahi has advised Japanese life insurance giant Dai-ichi Life Holdings on its 2.9-trillion-yen ($2 billion) acquisition of healthcare platform Benefit One, which was represented by Mori Hamada & Matsumoto.