Honda indefinitely suspends $15B EV plant in Ontario
The automaker said shifting demand and business conditions led it to pause a project that was expected to create 1,000 jobs.
57 Articles
57 Articles
WellandTribune.ca
St Catharines StandardAsahi Kasei forges ahead as partner Honda Canada suspends EV plans
“While Honda is an important partner, our long‑term strategy is focused on serving multiple customers and applications, and we continue to prepare our Canadian facility to support broader market demand as it develops,” company says.
Toronto, Canada, May 14 (EFE).- Honda announced Thursday the indefinite suspension of its project to build a complex for the manufacture of electric vehicles in Canada, an investment of about 15 billion Canadian dollars (11 billion US dollars), for "the evolution of business conditions." The company stated in a statement that the decision responds to "the evolution of business conditions", a change in its external resource strategy and changes i…
Honda ‘Indefinitely’ Suspends $15 Billion EV Plant in Ontario
Honda has officially announced it is suspending plans to build a $15 billion electric vehicle (EV) factory in Ontario. Honda Canada confirmed to The Epoch Times in a May 14 statement that the “previously postponed” investment project has now been “indefinitely suspended.” The Japanese automaker said this would not impact current employment or production levels at its factory in Alliston, Ont., where it said “operations continue to meet strong de…
Her electric vehicle complex project in Ontario is indefinitely suspended.
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