Dec. 26 at 3:11 PM
$HMC strikes a
$2.86B deal to acquire a factory building and related assets from LGES in Ohio — but beware of the Zacks Rank #4 (Sell) warning!
Honda's new acquisition aims to boost battery production for its EVs and hybrids, with full-scale operations expected to begin next year. Meanwhile,
$GM,
$KAR, and
$GTX offer better prospects with a Zacks Rank #1 (Strong Buy).
Opportunity assessment here 👉 https://www.zacks.com/stock/news/2809253/honda-to-buy-ohio-battery-plant-assets-from-lges-for-29b?cid=sm-stocktwits-2-2809253-body-26427&ADID=SYND_STOCKTWITS_TWEET_2_2809253_BODY_26427