Honda to build $11 billion electric vehicle hub in Canada
CNBC - 2024-04-25T14:30:08.000Z

Honda and its joint venture partners plan to invest $11 billion in Ontario, Canada, to create a "comprehensive EV value chain," the automaker announced.

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Japanese auto giant Honda announced Thursday the largest automotive investment in Canada's history, worth Can$15 billion (U.S.$11 billion), for a massive new EV battery and vehicle assembly plant. Honda chief executive Toshihiro Mibe told a joint news conference with Prime Minister Justin Trudeau and other officials that electric vehicles (EVs)
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Honda Canada is set to build an electric vehicle battery plant near its auto manufacturing facility in Alliston, Ont., where it also plans to produce fully electric vehicles, The Canadian Press has learned. Senior sources with information on the project confirmed the federal and Ontario governments will make the announcement this week, but were not yet able to give any dollar figures. However, comments Monday from Ontario Premier Doug Ford and Economic Development Minister Vic Fedeli...
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In related news

Honda Pours $11 Billion To Build EVs In Canada's Biggest Auto Investment Ever

Honda announces $11 bil EV battery and vehicle plant in Canada

Honda to build electric vehicles and battery plant in Ontario, sources say